Private sector to own share in planned energy bourse

Private sector to own share in planned energy bourse

ANKARA - Anadolu Agency
Private sector to own share in planned energy bourse

Turkish Energy Minister Taner Yıldız speaks at a press meeting after recieving International Energy Agency Executive Director Maria van der Hoeven. AA photo

The founding capital of the planned energy bourse in Turkey will be around 40 million Turkish Liras and the private sector will have a share in the bourse, Energy Minister Taner Yıldız said yesterday.

The share of the Turkish Electricity Transmission Company (TEİAŞ) will be around 30 percent and of Borsa Istanbul will be 30 percent, Yıldız said. The private sector will also take a share, he said, adding that over 100 private sector representatives have already applied to take part the in the bourse.

“This bourse will be not only for Turkey, but also the region, and will be of great importance in enhancing a fully transparent and competitive market,” Yıldız said.

The pendulum has swung toward the Turkish capital of Ankara as the base of the bourse, according to a draft contract for the energy bourse by the Turkish energy watchdog, Energy Market Regulatory Authority (EPDK), but Yıldız said the ministry and others had not decided whether the energy bourse would be in Ankara or Istanbul.

The founding contract of the bourse is set to be finalized soon, probably just before the winter, EPDK representatives said.