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The Electricity Generation Company ( tr, Elektrik Üretim A.Ş.; EÜAŞ) is the largest electric power company in
Turkey Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a transcontinental country located mainly on the Anatolian Peninsula in Western Asia, with a small portion on the Balkan Peninsula in ...
. 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 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 ( 1ca, Ablasta, Ablastayn, Ablastin, Ablistan;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''"- Alevi ...
.


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 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 over a quarter of Turkey's primary energy. The heavily subsidised coal industry generates over a third of the country's electricity and emits a third of Turkey's greenhouse gases. Most coal mined in Turkey is lignite (brown ...
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 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 devel ...
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) ( tr, İstanbul Menkul Kıymetler Borsası, IMKB), the Istanbul Gold Exchange ( tr, İstanbul Altın Borsası, İA ...
was at risk of stranding.


Sources

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References


External links


"EÜAŞ"_article_Global_Energy_Monitor
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">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