Turkey privatizes electricity distribution not assets, minister says

Turkey's energy minister Yildiz said "privatization of electricity distribution companies was not the sale of assets."

Turkey privatizes electricity distribution not assets, minister says


Turkey's Energy & Natural Resources Minister Taner Yildiz said "privatization of electricity distribution companies was not the sale of assets. Actually, we privatized operation of electricity distribution through private sector till 2036."

Yildiz told reporters about Monday's tender for the sale of 100 percent shares of the Turkish Electricity Distribution Corporation (TEDAS) in its affiliate Bogazici Electricity Distribution Co., "after the privatization process, some 75 percent of electricity distribution will be carried out by the private sector."

"We did not sell transmission towers and poles. It was not the sale of assets. Actually, we privatized operation of electricity distribution through private sector till 2036. After 2036, electricity distribution will be operated by the public sector," he added.

The Turkish consortium Is-Kaya and MMEKA offered the highest bid with $2.99 billion in the privatization of a state-run electricity distribution company on Monday.
 

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Last Mod: 10 Ağustos 2010, 15:35
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Ben Roy
Ben Roy - 10 yıl Before

Democracy at hand...