RWE could sell stake in Turkish gas-fired power plant

Turcas Holding

14/11/2019 09:47

FRANKFURT, Nov 14 (Reuters) - RWE  RWEG.DE , Germany's No.1
electricity provider, could decide to sell its 70% stake it
holds in the 775 megawatt gas-fired power plants in the Turkish
city of Denizli if there are buyers, its chief financial officer
said.
    "You can imagine that we are not having a great time with it
at the moment," Markus Krebber told journalists after releasing
nine-month results, but added that the group was not actively
pursuing a sale at the moment.
    RWE owns 70% in RWE & Turcas Guney Elektrik Uretim A.S., a
joint venture with Turcas Petrol  TRCAS.IS  that owns the plant.
Turcas owns the remaining 30%.

 (Reporting by Christoph Steitz and Vera Eckert, editing by
Riham Alkousaa)
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