SOURCE: Industrial Info Resources

July 01, 2008 06:30 ET

Pressure Builds for Faster Privatization of Turkey's Power Sector as Demand Grows 5% Annually, an Industrial Info News Alert

JOHANNESBURG, SOUTH AFRICA--(Marketwire - July 1, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- With power demand growing at about 5% per year over the past decade, pressure is building on Turkey's government to privatize the country's power-generation sector more quickly. In the last week of June, the Association of Turkish Industrialists and Businessmen published a report called "Energy Strategy" saying that the privatization of energy production should not be delayed until the energy distribution grids have been privatized. A spot market for power is emerging in this sector shakeup, and a new project by Suez Energy International (Brussels, Belgium), a division of Suez S.A. (OTC:SZEZY) (Paris), (90%) and local company Mimag-Samko (10%) will probably sell output in this market when the project is completed in 2013.

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