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Turkey expects record number of privatisation transactions

Oil&Gas Materials 17 January 2013 12:28
A record number of state enterprise privatisation transactions are expected to occur in Turkey in 2013, Turkish Finance Minister Mehmet Simsek said in an interview with Sabah today.
Turkey expects record number of privatisation transactions

Azerbaijan, Baku, Jan. 17 / Trend A. Taghiyeva /

A record number of state enterprise privatisation transactions are expected to occur in Turkey in 2013, Turkish Finance Minister Mehmet Simsek said in an interview with Sabah today.

The minister said that the revenues from denationalisation this year may exceed the proceeds from the privatisation process carried out last year by 30 per cent.

"The largest number of deals within the state property privatisation area will fall to the energy sector in 2013," he said. "In particular, the field of electric power will be the priority."

It will be possible to avoid cases of theft and loss of electricity due to privatisation deals in the distribution of electric power as the private sector is able to strengthen control over these losses, he said. Moreover, the productive capacity of a number of hydro-electric power stations and thermal power plants will be put up for privatisation in 2013.

He added that a number of roads, bridges and telecommunication systems will be privatised this year. The minister noted that privatisation helps replenish Turkey's treasury and serves the interests of the country.

Earlier it was reported that Turkey earned $ 9.5 billion from the privatisation of the energy sector in 2012.

In total, Turkey conducted 45 such transactions in the energy sector in 2012. The newspaper said that around 70 per cent of the transactions were conducted in the electricity sector.

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