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Sale of Turkish electricity assets delayed - source

16 Aug 2011 17:04:32 | edem

Turkey has delayed the privatisation of a number of hydro and gas-fired power plants that had been lined up for sale by the end of July, ICIS Heren understands.

The closing date for submitting bids for the Bozkir, Göksu, Durucasu, Ladik and Kisik hydro stations was initially scheduled for 29 July.

The 1.2GW gas-fired Hamitabat power plant had also been in line for privatisation and bids were expected by the end of June 2011.

However, the bidding deadline for Hamitabat, currently owned by local incumbent EUAŞ, has now been delayed until 23 September, according to the Turkish privatisation agency.

Bids for the five hydro power plants will be expected in October at the earliest, according to a local source. No details were available on total capacity.

"October is the earliest date [for bids] for the five plants and Hamitabat, although I would be inclined to take a more cautious view," the source said.

"I don't think the privatisation of EUAŞ assets is of immediate concern to the government right now," the source added. "We are now over elections and the matter seems to have slipped [down] on their agenda."

The government has launched an ambitious plan to privatise 16GW of generation from the portfolio of EUAŞ, in addition to the sale of power distribution grids, which is now almost complete.

Neither Turkey's privatisation agency nor the Ministry of Energy and Natural Resources were able to provide any comments by the time the report went to press. The assets are likely to attract interest within Turkey and beyond. AS

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