Turkey delays 2GW of thermal electricity generation tenders

10 January 2014 14:54 Source:ICIS

The Turkish Privatisation Administration (OIB) is set to push back tenders for 2GW of thermal generation by at least two months amid political and economic uncertainty, a source at the administration said on Friday.

The 630MW Kemerkoy and 420MW Yenikoy coal-fired power plants in the southwestern Mugla region were expected to be tendered on 24 January. The 300MW coal-fired Catalgazi in the northern Zonguldak province was expected to be tendered on 5 February, while the 630MW Yatagan coal-fired plant also in the Mugla region had been scheduled for 10 February.

However, the OIB source said the tenders would be delayed by a minimum of two months. The source said OIB would announce the new tender dates next week.

Turkey has embarked on an ambitious plan to privatise 16.5GW of state-owned generation owned by the electricity incumbent EUAS. OIB expects to offload 45 power plans of which 27 are hydroelectricity and 18 thermal.

Last year it sold the 1.2GW Hamitabat combined cycle gas turbine power station and two coal-fired plants: the 600MW Seyitomer and the 457MW Kangal.

Despite economic uncertainty unleashed amid corruption allegations surrounding the Turkish government, Turkey is likely to see moderate growth in 2014, in line with the global trend. As a result, Turkey’s privatisation programme is expected to follow its course despite some delays. Aura Sabadus

By Aura Sabadus