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 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.
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) 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 in 2021 $300 m of the company's
coal power 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 emitted over 6 million tons of the country's total 730 million tons of greenhouse gas in 2022: it is on the
Urgewald Global Coal Exit List.
Sources
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References
External links
"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
Companies in the BIST 100