Çalık eyes 20 percent share in electricity

Çalık eyes 20 percent share in electricity

SAMSUN - Reuters
Çalık Holding, a conglomerate based in Istanbul, aimed to increase its market share in electricity distribution from its current 4 percent to 20 percent, Çalık Yedaş General Manager Nurettin Türkoğlu has said.

“The share of Çalık Holding in the electricity distribution market is 4 percent, but we initially aim to increase it to 20 percent and then to a higher rate,” he said yesterday during a press conference the company’s social responsibility projects, adding that the company plans to increase its market share by adding another electricity transmission zone to its current portfolio.

Çalık Yedaş controls electricity distribution grids in the northern provinces of Samsun, Ordu, Amasya, Sinop and Çorum.

“Loss and leakage rates in the Dicle zone is now at about 80 percent, but the state says the rate is between 55 and 60 percent.

[The state] should update the figures,” Türkoğlu said, noting that Çalık is the second highest bidder in both the Yeşilırmak and Dicle electricity transmission zones.

Çalık Yedaş’s annual turnover in 2011 was 1 billion Turkish Liras and a 20 percent growth in turnover is expected, he said.