• Electricity distribution firms in danger of seizure
    http://www.todayszaman.com/business_electricity-distribution-firms-in-danger-of-seizure_355159.htm

    Three electricity distribution companies that owe large debts to the state-run Turkish Electricity Trading and Contracting Company (TETAŞ) are on the verge of being confiscated by the Energy Market Regulatory Agency (EPDK).

    Electricity distribution firms have faced troubles following their privatization, as the illegal use of electricity has emerged as a major problem in Turkey, particularly in the lower-income regions of eastern and southeastern Anatolia. While it was unspecified which three companies are in danger of seizure, they seem to be facing the same fate as the Osmangazi Electricity Distribution Company, which was privatized in 2010, and then seized by the EPDK last year after accruing large debts it was unable to pay.

    After the EPDK wrote to the companies inquiring as to why they were not making payments on their loans, the companies responded to the electricity oversight institution by saying that the stolen electricity had resulted in a major cash flow problem, rendering the companies unable to pay their bills.

    #privatisation
    #électricité
    #Turquie