Turkey energy offerings to include hydro

Energy Minister Hilmi Guler says Turkey will offer US$130 billion in energy projects, including hydropower, to the private sector for development and operation.

Guler said September 1 that, beginning with distribution utilities, Turkey would offer energy assets over several years to reduce the European Union applicant’s reliance on energy imports. The offerings also will include oil and gas transit pipelines from Central Asia to Europe, as well as Turkish nuclear power plants.

“It’s US$5 billion to US$6 billion investments per year,” Guler said, adding the electricity sector alone would be worth US$105 billion out the total US$130 billion sum.

“It’s a huge amount and we want all the investments done by the private sector, not state companies,” he said.

Guler’s investment plan also puts emphasis on renewable energy, including hydroelectric power, solar energy, biomass, and wind, plus coal-fired power.

“We are only using 35 percent of water and coal reserves so we want investors to go into the coal and hydro areas as well as wind energy,” Guler said. (HNN 3/10/06)

In a World Bank-backed plan Turkey is also liberalizing its electricity market through the sale of 20 distribution grids and a switch to regional tariffs. Ankara is expected to invite bids this month for sale of grids in three regions.

In 2003, Turkey transferred 16 hydroelectric projects, totaling 2,353 MW, from its General Directorate of State Hydraulic Works (DSi) and Electricity Generation Inc. (EUAS) to the portfolio of its Privatization Administration (OIB) in preparation for their sell-off.

For information, contact Republic of Turkey, Prime Ministry, Privatization Administration, Ziya Gokalp, Caddesi No: 80, Kurtulus 06600 Ankara, Turkey; (90) 312-4304560 or 4356635; Fax: (90) 312-4353623; E-mail: info@oib.gov.tr; Internet: www.oib.gov.tr.

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