CEZ starts production at 872 MW Turkish Egemer power plant

Akenerji Elektrik Uretim AS

27/08/2014 17:12

PRAGUE, Aug 27 (Reuters) - Czech utility CEZ  CEZP.PR  and 
Turkish group Akkok -- partners in Turkish power producer 
Akenerji  AKENR.IS   -- have started up an 872 megawatt power 
plant in Turkey, a project aimed at producing 7,000 GWh of 
electricity annually, CEZ said on Wednesday. 
    In a growing Turkish power market, central Europe's biggest 
utility is hoping to boost shrinking profits at home due to 
tepid electricity demand and weak whlesale power prices. 
    The gas-powered plant Egemer was built in Erzin on Turkey's 
Mediterranean coast. 
    Earlier in August, CEZ reported a 32-percent drop in 
second-quarter net profit, dragged down by weaker power prices,  
impairments and lower production after the sale of a plant. 
 ID:L6N0QI0W6  
    Set to overtake Britain within a decade as Europe's third 
biggest electricity consumer, Turkey is what investors have been 
waiting for as Europe's economic crisis has dried up its power 
demand, forcing utilities and big banks to scale back on power 
and gas trading. 
 
 (Reporting by Michael Kahn, Editing by) 
 ((michael.kahn@thomsonreuters.com; +420 224 190 443; Reuters 
Messaging: michael.kahn.thomsonreuters.com@reuters.net)) 
 
Keywords: CEZ TURKEY/POWER