Friday, October 14, 2005

Turkey to privatize power plants in 2006

14 October 2005-TURKEY /ANKARA
Cihan News Agency-Business

The flurry of privatizations in Turkey will continue with the sell-off of electricity power plants across the country next year.

Turkish Energy and Natural Sources Minister Himi Güler said that the privatization board would first sell the energy distribution companies and later would sell off the power plants.

The Turkish government has made record-breaking $20 billion from privatizations in 2005.

The privatization board, backed by the energy ministry, has commenced the preliminary preparations for the sale of the power plants.

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