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E.ON-Sabanci joint venture to sell power plants in Turkey

Enerjisa, a joint venture between Sabanci Holding and E.ON, plans to sell three hydroelectric power plants to rationalise its portfolio and cut debt, and has appointed banks to perform the sales.

Sabanci teams up with E.ON as part of new power generation focus

One of Turkey's biggest industrial conglomerates has decided to inject substantial additional investment into its power generation arm, in an effort to double the annual sales of the business as a whole over the next six years.

German government refund helps positive results for E.ON

E.ON chief executive Johannes Teyssen said the utility will increase its dividend next year after a government refund enabled the company to reduce its debt significantly.

Three issues facing the global energy industry

Here is an outline of some of the issues facing the global energy industry and how they will be addressed at the 23rd World Energy Congress in Istanbul  in mid-October.

RWE to consider splitting business as downward spiral continues

RWE chief executive Peter Terium has not ruled out splitting the business in the same manner as rival E.ON as wholesale power prices continue to drop.

Bringing flexible power to Turkey

During the last two decades, the Turkish electricity market has been growing rapidly, with an average annual growth rate of more than 6 per cent.

Siemens receives fresh order for SGT5-8000H gas turbine

Siemens has received an order for the turnkey construction of the Bandirma II combined-cycle (gas and steam) power plant (CCPP) in Turkey.

INTERNATIONAL

An official at Oman’s Public Authority for Electricity and Water has said that international firms are eyeing a $2bn contract to build the country’s first coal fired power plant.

INTERNATIONAL

The global carbon market in 2008 more than doubled in value from 2007 to €92bn ($125bn), according to the recent Carbon Market Monitor report, published by market analysts Point Carbon.

Turkey warms to next-generation combined-cycle power plants

With Turkey’s economy booming, power generating company Enerjisa has taken an early lead in the race to provide the country with the electricity it urgently needs, with the award earlier this year of the contract for the 919 MW Bandirma combined-cycle power plant.

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