EnBW qualifies for the privatisation of three Turkish electricity distributors

Karlsruhe. EnBW Energie Baden-Württemberg AG has qualified for the bidding process as part of the partial privatisation of the regional electricity distributors BASKENT, AYEDAS and SEDAS. EnBW received a notice to this effect from the Turkish Privatisation Authority.

EnBW has about 5 million customers, making it the third-largest energy company in Germany. EnBW is very well positioned in Europe with its investments in Poland, the Czech Republic, Hungary, Austria and Switzerland and has many years of experience in the European energy market. In 2005, it had about 18,000 employees and generated annual sales of 10.7 billion euros. The core activities of EnBW focus on the business segments electricity, gas and environmental services.

EnBW wants to provide fresh impetus for growth for the company in Turkey. “I consider Turkey to be one of the most strategically and economically lucrative growth regions. In addition, we have close social and cultural ties with Turkey. It is therefore completely clear that Turkey plays an important role in our European growth strategy," said the Chairman of the Board of Management of EnBW, Prof. Dr. Utz Claassen.

In addition to becoming a shareholder in the electricity distributors which are currently in the process of being privatised, EnBW is also investigating making investments in the area of power generation with a focus on hydropower and lignite. EnBW’s successful business model of being an integrated electricity supply company should be the basis for the company’s commitment in Turkey. The robust overall economic growth in Turkey and the attractive future demand in the Turkish electricity market in the next few years are the decisive factors for EnBW’s commitment and the future contribution of the Turkish market to the overall development and growth of the company.