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Turkey in power grid sale success, more deals seen
Turkey's privatization agency auctioned off three electricity distribution grids on Friday for a higher than expected USD 1.15 billion, in auctions regarded as paving the way for increased energy privatizations in the short term. The three grids that serve a total of 3.7 million customers were expected to be sold for no more than USD 1 billion, and the high bids gave a positive signal for four more grids being put up for sale on Monday, said the analysts. The Turkish mining company Eti Gumus submitted the highest bid of USD 485 million for the Osmangazi electricity distribution grid in northwestern Turkey, while Calik Enerji submitted the top bid of USD 441.5 million for Yesilirmak grid in northern Turkey. The government is looking to revive the pace of Turkey's privatizations, which have slowed in 2009, aiming for revenues of around USD 7 billion from privatizations in 2010. "We initially estimated USD 1 billion at most, so the result is quite impressive. This round of privatization was going to serve as an indication for further privatizations of distribution grids and also generation facilities, so it is a positive indication", said Irmak Bademli of Eurasia Group.
Turkey will attract investors with its lucrative energy sector during the ongoing global financial crisis. Emre Alcan, partner of Alcan Law, a consulting firm rendering engineering and consultancy services to domestic and foreign companies willing to invest in energy sector, said "stated that mergers and acquisitions in Turkey reached a total of USD 6.6 billion, breaking a record with 19 transactions."
Ankara and Seoul in talks on nuclear power reactors
South Korea’s Korea Electric Power Corp (KEPCO) said last week that it is in talks with Turkey to export two nuclear power reactors to Black Sea areas. “KEPCO is discussing with Turkey the provision of two APR1400 light-water reactors to the Black Sea area”, it said, referring to the advanced power reactors (APRs) which are 1,400-megawatt pressurised, light-water type power reactors and the same type to be built in the UAE.
Turkish and Spanish companies seal energy agreement
Turkey's Saran Holding and Spain's Fersa signed on Friday a partnership agreement worth USD 1 billion for investment in Turkey’s renewable energy resources. The agreement was signed at a ceremony in the Turkish capital province of Ankara, with the participation of Zafer Caglayan, the Turkish State Minister for Foreign Trade; Taner Yildiz, Turkish Minister of Energy and Joan Klos, Spanish Ambassador to Ankara. The agreement includes the construction of hydroelectric power plants in the eastern Anatolian provinces of Tunceli and Erzurum, and in the southern Anatolian province of Antalya. The projects are expected to employ some 1,500 people.
Energy cooperation between Turkey and Switzerland to intensify
Taner Yildiz, Turkey’s Energy and Natural Resources Minister, and Moritz Leuenberger, Switzerland’s Environment, Transport and Energy Minister, have signed a Memorandum of Understanding (MoU) for the transfer of Iranian natural gas to Switzerland via Turkey. Yildiz, who held a joint press conference with the Swiss minister in Istanbul, said the comprehensive MoU also includes cooperation in energy productivity, renewable energy resources and electricity. Yildiz pointed out that Turkey has become part of the solution to the EU countries' energy supply problem thanks to the Nabucco project, adding that Turkey will also be a solution to the natural gas supply problem of non-EU countries.

Driving wind power development forward in Turkey and Southeast Europe Mövenpick Hotel - Istanbul, Turkey 8-9.December.2009
There is huge growth potential for wind power in Turkey and Southeast Europe (SEE). This key regional event will examine the current and future wind power markets in Turkey and the SEE region, with in depth analysis and country case studies.
Endorsed by: The Turkish Wind Energy Association Endorsed by: The British Chamber of Commerce of Turkey (BCCT) Gold Sponsor: ECZACIBAŞI - Lincoln Electric Sponsor: ALSTOM, RES Energy Media Partner: HURRIYET Daily News Legal Partner: ALCAN Law Firm
MJ works with major international developers and investors (like EDP Renewables, RES, Martifer Energy, Galp Energy, Enersis and Energi E2 (now EON) etc…)
Green Power Conferences events stand out for the unparalleled number of operators, utilities, government and regulatory bodies we attract and the level of detail and knowledge reflected in our event programs.
Introduction
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