Healthy energy market to be formed in mid-term: Sabancı chair
AA photoA healthy power and energy market will be established in Turkey in the medium and long term despite problems in the global energy sector, according to Sabancı Holding Charperson Güler Sabancı.
She noted that there are huge uncertainties in the global energy markets due to the oil slump right now.
“Turkey should not be deceived in the face of lower oil and natural gas prices. Turkey needs to invest more in its local energy resources, including lignite resources. Unfortunately, our lignite resources have lower calories. We use these resources by means of the latest environmental friendly technologies. As the investments costs are high, such investments needed to be supported. There are short-term problems in Turkey, yet we believe that the country would have a healthy electricity and energy market in the medium-term and in the long term,” she told Anadolu Agency, adding that Sabancı’s Enerjisa planned to make some $11 billion in investments together with its German partner E.ON.
Sabancı said the private sector had conducted 60 percent of the power generation and 100 percent of the power distribution in Turkey over the last 12 years despite a lack of any guarantees from the Treasury.