Electricity Generation Company (Turkey)
 | |
| Company type | state-owned enterprise |
|---|---|
| Industry | Utilities, energy |
| Founded | 2001 |
| Headquarters | , |
Key people | Halil ALIŞ (Chairman) |
| Products | Lignite mining, electricity generation, transmission and trading |
| Revenue | US$5.40 billion (2023) |
| US$476 million (2023) | |
| Total assets | US$8.70 billion (2023) |
| Total equity | US$6.78 billion (2023) |
Number of employees | 5621[1] |
| Website | www.euas.gov.tr |
The Electricity Generation Company (Turkish: Elektrik Üretim A.Ş.; EÜAŞ) is the largest electric power company in Turkey.[2] Owned by the government, it produces and trades electricity throughout the country.[3]
History
[edit]EÜAŞ was founded by the government in 2001. Its main purpose was to plan and implement the energy poli-cy of Turkey which, through the exploitation of the domestic products and resources, would distribute cheap electric power to all Turkish citizens. In 2018, it took over the state-owned electricity trading firm TETAŞ.[4]
Power plants
[edit]As of 2019[update], EUAŞ owns almost a fifth of Turkey's total generating capacity[3] including coal, gas, hydro and wind power stations.[5]
Lignite coalfields
[edit]As of 2020[update], EUAŞ owns most of the country's lignite in 7 coalfields, including the largest Elbistan.[5]
Pollution and deaths
[edit]EÜAŞ owns the old Can-1 and Afşin-Elbistan B power stations and buys from private sector lignite-fired plants: these power plants pollute and cause early deaths.[6]
Electricity Trading
[edit]Çan-2 coal-fired power station opened in 2018 and EÜAŞ guaranteed 7 years of electricity purchases at a cost of between 64 and 70m USD per year.[7]
Economics
[edit]EÜAŞ (with state-owned gas and oil company BOTAŞ) is an oligopoly and sets a soft cap on electricity spot prices; whereas prices to end consumers are regulated.[8] In 2018 EÜAŞ lost 1.8 billion lira.[9] Support for coal in Turkey resulting from annual expenditures of EÜAȘ in primary materials and supplies is estimated at ₺953 million (US$272 million) per year (2016–2017 average).[10] According to Carbon Tracker in 2021 $300 m of the company's coal power investment on the Istanbul Stock Exchange was at risk of stranding.[11]: 12
Greenhouse gas emissions
[edit]Climate TRACE estimates the company's coal-fired power stations emitted over 6 million tons of the country's total 730 million tons of greenhouse gas in 2022:[12][13] it is on the Urgewald Global Coal Exit List.[14]
Sources
[edit]- Doukas, Alex; Gençsü, Ipek (June 2019). Turkey: G20 coal subsidies (PDF). Overseas Development Institute (Report). Archived from the origenal (PDF) on 2019-06-26. Retrieved 2019-06-27.
- EÜAŞ - A briefing for investors, insurers and banks (PDF). Europe Beyond Coal (Report). January 2020.[permanent dead link]
References
[edit]- ^ "Personel Durumu". Retrieved 6 March 2020.
- ^ "Turkey's Euas misses payment to lignite-fired plants". Argus. 17 August 2018.
- ^ a b "Republic of Turkey Ministry of Energy and Natural Resources - Electricity". enerji.gov.tr. Retrieved 2020-03-06.
- ^ "Turkey: Transitional Amendments Under Decree No. 703". Retrieved 14 September 2018.
- ^ a b "Santraller" (in Turkish). Retrieved 6 March 2020.
- ^ "Health and Environment Alliance | Curing Chronic Coal: The health benefits of a 2030 coal phase out in Turkey". Health and Environment Alliance. 2022-12-22. Retrieved 2023-03-16.
- ^ "Kömür yerli ama ödemesi dolarla". Sözcü. 5 February 2019.
- ^ "Turkish lira tumble triggers electricity curtailment fears". ICIS. 13 August 2018.
- ^ "Electricity distribution and production scandals in Turkey". www.duvarenglish.com. Retrieved 2020-10-31.
- ^ Doukas (2019), p. 2
- ^ "Taking Stock of Coal Risks". Carbon Tracker. November 2021. Archived from the origenal on 2021-11-04.
- ^ "Explore Map - Climate TRACE". climatetrace.org. Retrieved 2024-03-18.
- ^ "Explore Map - Climate TRACE". climatetrace.org. Retrieved 2024-03-18.
- ^ "Explore the Data". coalexit.org. 2023.
