Enerjisa to make $1.5-bln investment in power distribution: CEO

ANKARA - Anadolu Agency

Turkey’s Enerjisa, a joint venture between Sabancı Holding and Germany’s E.ON, plans to invest 4.5 billion Turkish Liras ($1.5 billion) in power distribution between 2016 and 2020, said the company chief Kıvanç Zaimler.

He also noted that the company would close this year with a total of 2 billion liras ($677 million) of investment in several segments, including power distribution.

Enerjisa meets electricity distribution needs of some 25 percent of the Turkish population over 14 provinces through three companies, AYEDAŞ, Toroslar and Başkent, he added.

“We achieved establishing our master plan in this field, covering the years of 2011 and 2015, with success. In line with our master plan for the 2016-2020 period, we will make 4.5 billion liras of investment in the power distribution sector with today’s prices,” said Zaimler.

The company would close this year with 1.1 billion liras ($372 million) of investment in this sector, according to company representatives.

A total of 21 private power distribution companies are expected to pour over $18 billion liras ($6 billion) until 2020 to modernize and expand their networks and raise customer satisfaction.