Zorlu Enerji wins privatization of seven Turkey hydro projects

Turkey’s Zorlu Enerji won a March 5 tender for privatization of nine power plants belonging to Ankara Dogal Elektrik Uretim, including seven hydroelectric projects totaling 111.395 MW.

Privatization Administration Deputy Chairman Ahmet Aksu said Zorlu bid US$510 million for Ankara Dogal Elektrim’s diesel-fueled power plant and operating rights to seven hydro plants and one geothermal project. Aksu said the auction attracted 27 bidders.

The chairman of parent company Zorlu Holding, Ahmet Nazif Zorlu, said after the auction that the company would invest US$150 million in the facilities.

Holdings of Ankara Dogal Elektrik Uretim, owned by the Privatization Administration, included seven hydro projects:
o 5.52-MW Atakoy at Almus in Tokat Province;
o 16.8-MW Beykoy at Saricakaya in Eskisehir Province;
o 15.35-MW Cildir at Arpacay in Kars Province;
o 18.6-MW Ikizdere at Ikizdere in Rize Province;
o 20.9-MW Kuzgun at Ilica in Erzurum Province;
o 19.225-MW Mercan at Ovacik in Tunceli Province; and
o 15-MW Tercan at Tercan in Erzincan Province.

Ankara Dogal Elektrik holdings also included the 15-MW Engil diesel plant and the 15-MW Denizli geothermal project.

Turkey has been divesting government-owned assets, including hydroelectric projects, under a privatization law passed in 2001.

Zorlu Enerji, one of several firms seeking a slice of Turkey’s expanding energy sector, also wants to build a nuclear power plant in a country largely dependent on the imports of oil and gas.

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