Turkey Plans to Launch State-Owned Energy Companies for Public Offering to Strengthen Their Institutional Structures
Turkish Energy Minister Alparslan Bayraktar announced on Monday evening that Ankara intends to offer state-owned energy companies for public subscription in order to enhance their institutional structures and align them with modern market demands.
Targeted Companies
The companies included in this initiative are:
- Turkish Electricity Distribution Company (TEİAŞ)
- Electricity Generation Company (EÜAŞ)
- Turkish Pipeline Company (BOTAŞ)
- Turkish Petroleum Corporation (TPAO)
Public Offering to Boost Local Participation
Bayraktar explained during his speech to a parliamentary committee that the goal is to modernize these companies and adapt them to their growing size. He emphasized that the public offerings will be accessible to citizens and small investors only, reflecting the government’s desire to boost public participation in the national economy.
No Privatization
The minister stressed that the plans do not involve privatizing these companies, clarifying that the government does not intend to sell stakes to private companies or commercial alliances. He added, “These companies need stronger institutional structures, as managing them with traditional state-owned company models has become a major challenge in today’s evolving global system.”
Legal Reforms Required
Bayraktar noted that launching public offerings would require legal amendments, and the government would seek parliamentary support to proceed with this plan. Although no specific timeline was mentioned for the offerings, the minister affirmed that this move is part of a broader vision to develop Turkey’s energy sector.
