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 G├╝ler 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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