The Electricity Generation Company ( tr, Elektrik Üretim A.Ş.; EÜAŞ) is the largest
electric power company
An electric utility is a company in the electric power industry (often a public utility) that engages in electricity generation and distribution of electricity for sale generally in a regulated market. The electrical utility industry is a major pr ...
in
Turkey
Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a list of transcontinental countries, transcontinental country located mainly on the Anatolia, Anatolian Peninsula in Western Asia, with ...
.
Owned by the government, it produces and trades
electricity throughout the country.
History
EÜAŞ was founded by the government in 2001. Its main purpose was to plan and implement the
energy policy of Turkey
Energy consumption per person in Turkey is similar to the world average, and over 85 percent is from fossil fuels. From 1990 to 2017 annual primary energy supply tripled, but then remained constant to 2019. In 2019, Turkey's primary energy ...
which, through the exploitation of the domestic products and resources, would distribute cheap
electric power
Electric power is the rate at which electrical energy is transferred by an electric circuit. The SI unit of power is the watt, one joule per second. Standard prefixes apply to watts as with other SI units: thousands, millions and billions o ...
to all Turkish citizens. In 2018 it took over the state-owned electricity trading firm TETAŞ.
Power plants
EUAŞ owns almost a fifth of Turkey's total generating capacity
including coal, gas, hydro and wind power stations.
Lignite coalfields
EUAŞ owns most of
the country's lignite in 7 coalfields, including the largest
Elbistan.
Pollution and deaths
As it owns the old Can-1 and
Afşin-Elbistan B power stations and buys from private sector lignite-fired plants its coal-fired electricity is highly polluting. In 2010 its coal-fired plants were responsible for over 50 thousand years of lost life and over a million working days lost.
Electricity Trading
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.
Economics
EÜAŞ (with state-owned gas and oil company
BOTAŞ
BOTAŞ Petroleum Pipeline Corporation (BOTAS) is the state-owned crude oil and natural gas pipelines and trading company in Turkey. The company was established in 1974 as a subsidiary of TPAO. Since 1995, BOTAS is a wholly state-owned company.
...
) is an
oligopoly
An oligopoly (from Greek ὀλίγος, ''oligos'' "few" and πωλεῖν, ''polein'' "to sell") is a market structure in which a market or industry is dominated by a small number of large sellers or producers. Oligopolies often result from ...
and sets a soft cap on
electricity spot prices; whereas prices to end consumers are regulated. In 2018 EÜAŞ lost 1.8 billion lira. 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). It is on the Global Coal Exit List. According to
Carbon Tracker in 2021 $300 m of the company's
coal power
A coal-fired power station or coal power plant is a thermal power station which burns coal to generate electricity. Worldwide, there are about 8,500 coal-fired power stations totaling over 2,000 gigawatts capacity. They generate about a th ...
investment on the
Istanbul Stock Exchange
The Borsa İstanbul (abbreviated as BIST) is the sole exchange entity of Turkey combining the former Istanbul Stock Exchange (ISE) ( tr, İstanbul Menkul Kıymetler Borsası, IMKB), the Istanbul Gold Exchange ( tr, İstanbul Altın Borsası, İA ...
was at risk of
stranding.
Sources
*
*
References
External links
"EÜAŞ" article Global Energy Monitor">Global Energy Monitor">"EÜAŞ" article Global Energy Monitor
"TETAŞ" article Global Energy Monitor]
{{DEFAULTSORT:Elektrik Uretim
Electric power companies of Turkey
Ministry of Energy and Natural Resources (Turkey)
Government-owned energy companies