State-owned electricity producer EUAS considers buying natural gas from private companies.

By bne IntelliNews May 22, 2013

State-owned electricity generation company EUAS is working on plans to buy annually 1-2bn cubic metres of natural gas from private companies, the general manager Halil Alis said. The share of private companies in Turkey’s total natural gas import is around 20%.

EUAS buys 6-7bn cubic metres of natural gas from state-owned pipeline company Botas each year, Alis said. Turkey’s natural gas consumption is expected to be 47.6bn cubic metres this year. Around 45% of Turkey’s electricity production comes from gas, which is mostly imported from Russia, 24% from coal, 25% from hydro and 2% from renewables (wind + geothermal).

43% of Turkey’s total installed capacity is held by EUAS and its subsidiaries, 16% held by privatized companies and the remaining 39% is held by the private companies and autoproducers.

Turkey’s electricity consumption is projected to increase by 7% a year until 2020. The country’s electricity production was 239bn kWh in 2012 and consumption rose 5.1% y/y to 242bn kWh. Total installed electricity capacity increased from 31,846 MW in 2002 to around 56,000 MW at end-2012. The energy ministry projects that between USD 120 and USD 130bn investment will be required to meet domestic demand by 2023.

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