The state has been speeding away from the energy sector, in which it has been transferring its assets to the private sector through privatizations. In addition to the handover of public power plants and power distribution grids, it has been avoiding to take an active role in new investments, encouraging private sector and distributing licenses.
At the moment, some holding groups, which have particular influence on the country’s economy, have been leaping forward in the electricity business and have seized the best assets. Let’s first look at the allocation in the distribution market, which consists of 18 regional grids.
“Some names” stand out among the ones that have entered the energy business. The Kolin-Limak-Cengiz consortium, which recently bought some of Çukurova Group’s media assets from the state deposit fund TMSF, has dominated four large regions that conduct power sales to almost 10 million subscribers. The consortium won the tender for the largest of those grids, BEDAŞ, which is the grid serving the European side of Istanbul, for $2 million in May and won the Akdeniz Elektrik power grid in the same month for $550 million. In 2010, the group put down $1 billion for Uludağ Elektrik, the power distributor of Bursa and its environs. Also a company founded by this group, Çamlı Enerji, acquired the operational rights to the electricity distribution for the Central Anatolian provinces of Sivas, Tokat and Yozgat in return for $260 million. The new media group seems like it has taken a hold on four regions for $4 billion.
Read more: ENERGY - Energy becomes new love of large Turkish corporations
At the moment, some holding groups, which have particular influence on the country’s economy, have been leaping forward in the electricity business and have seized the best assets. Let’s first look at the allocation in the distribution market, which consists of 18 regional grids.
“Some names” stand out among the ones that have entered the energy business. The Kolin-Limak-Cengiz consortium, which recently bought some of Çukurova Group’s media assets from the state deposit fund TMSF, has dominated four large regions that conduct power sales to almost 10 million subscribers. The consortium won the tender for the largest of those grids, BEDAŞ, which is the grid serving the European side of Istanbul, for $2 million in May and won the Akdeniz Elektrik power grid in the same month for $550 million. In 2010, the group put down $1 billion for Uludağ Elektrik, the power distributor of Bursa and its environs. Also a company founded by this group, Çamlı Enerji, acquired the operational rights to the electricity distribution for the Central Anatolian provinces of Sivas, Tokat and Yozgat in return for $260 million. The new media group seems like it has taken a hold on four regions for $4 billion.
Read more: ENERGY - Energy becomes new love of large Turkish corporations
No comments:
Post a Comment