The Electricity Generation Company (; EÜAŞ) is the largest electric power company in

Turkey Turkey, officially the Republic of Türkiye, is a country mainly located in Anatolia in West Asia, with a relatively small part called East Thrace in Southeast Europe. It borders the Black Sea to the north; Georgia (country), Georgia, Armen ...

. 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 per cent 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 of transfer of electrical energy within a electric circuit, circuit. Its SI unit is the watt, the general unit of power (physics), power, defined as one joule per second. Standard prefixes apply to watts as with oth ...

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 Elbistan (;Aksüt, Ali"''On the Alevism of Elbistan, Nurhak, Ekinozu and Afsin - Elbistan Nurhak Ekinözü Afşin Aleviliği Üzerine - Zum Alevitentum in Elbistan, Nurhak, Ekinözü und Afşin''"- Alevilik-Bektaşilik Araştırmaları Dergisi 201 ...

Pollution and deaths

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.

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 () is a market in which pricing control lies in the hands of a few sellers. As a result of their significant market power, firms in oligopolistic markets can influence prices through manipulating the supply function. Firms in ...

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 Coal supplies a quarter of Energy in Turkey, Turkey's primary energy, and the country is one of the largest consumers in the world. The heavily Fossil fuel subsidies#Turkey, subsidised coal industry generates over a third of the Electricity sec ...

resulting from annual expenditures of EÜAȘ in primary materials and supplies is estimated at ₺953 million (US$272 million) per year (2016–2017 average). According to

Carbon Tracker Carbon Tracker is a London-based not-for-profit think tank researching the impact of climate change on financial markets. Carbon Tracker popularized the notion of a carbon bubble, which describes the incompatibility between the continued deve ...

in 2021 $300 m of the company's

coal power Coal is a combustible black or brownish-black sedimentary rock, formed as rock strata called coal seams. Coal is mostly carbon with variable amounts of other Chemical element, elements, chiefly hydrogen, sulfur, oxygen, and nitrogen. Coal i ...

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) (), the Istanbul Gold Exchange () and the Derivatives Exchange of Turkey () under one umbrella. It was establishe ...

was at risk of stranding.

Greenhouse gas emissions

Climate TRACE Climate TRACE (Tracking Real-Time Atmospheric Carbon Emissions) is an independent group which monitors and publishes greenhouse gas emissions. It launched in 2021 before COP26, and improves monitoring, reporting and verification (MRV) of both ...

estimates the company's

coal-fired power stations A coal-fired power station or coal power plant is a thermal power station which burns coal to generate electricity. Worldwide there are about 2,500 coal-fired power stations, on average Nameplate capacity, capable of generating a gigawatts, ...

emitted over 6 million tons of the country's total 730 million tons of greenhouse gas in 2022: it is on the

Urgewald Urgewald is a group that researches coal companies, because they are among the top contributors to greenhouse gas emissions and so cause climate change Present-day climate change includes both global warming—the ongoing increase i ...

Global Coal Exit List.

Sources

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References

External links

"EÜAŞ" article

Global Energy Monitor Global Energy Monitor (GEM) is a San Francisco–based non-governmental organization which catalogs fossil fuel and renewable energy projects worldwide. GEM shares information in support of clean energy and its data and reports on energy trend ...

"TETAŞ" article

{{DEFAULTSORT:Elektrik Uretim Electric power companies of Turkey Ministry of Energy and Natural Resources (Turkey) Government-owned energy companies Companies in the BIST 100