Turkish govt hands over another power firm to private sector

Turkish government handed over the management of Firat Electricity Distribution Corporation to private AKSA Electricity Corporation on Thursday.

Turkish govt hands over another power firm to private sector

Turkish government handed over the management of Firat Electricity Distribution Corporation to private AKSA Electricity Corporation on Thursday.

Thus, the number of state power companies transferred to the private sector reached nine.

"This number will reach 12 as we hand over the management of Kayseri Electricity and two other distribution companies," Ahmet Aksu, deputy chairman of the Privatization Administration Board, said during a signature ceremony at Ankara's Rixos Hotel.

Aksu said in that case, half of power distribution firms would be transferred to the private sector.

AKSA Electricity will pay 230.2 million USD for Firat Electricity Distribution Corporation. The state will get 70 percent of that amount in advance, and the rest in four installments.

Firat Electricity Distribution Corporation operates in a region covering the eastern provinces of Bingol, Elazig, Malatya and Tunceli. With 680,000 subscribers, the region consumed 2.32 billion kwh electricity in 2009. Illegal electricity consumption is 13.6 percent in the region.

Aksa Electricity Distribution Company will provide electricity distribution services in many regions. In November 2009, Aksa won the tender for Coruh Electricity Distribution Region (northeastern provinces of Giresun, Trabzon, Rize, Artvin and Gumushane) and following in February 2010 became the preferred bidder for Van Lake (eastern provinces of Mus, Bitlis, Van and Hakkari) and Firat Electricity Distribution Regions and the last region is in August 2010, Aksa won the tender for Trakya Electricity Distribution Region (northwestern provinces of Edirne, Kirklareli and Tekirdag).



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Last Mod: 06 Ocak 2011, 14:00
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