Electricity Generation Company (Turkey)


The Electricity Generation Company is the largest electric power company in Turkey. 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.

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 is an oligopoly and sets a soft cap on electricity spot prices; whereas prices to end consumers are regulated. Support for coal in Turkey resulting from annual expenditures of EÜAȘ in primary materials and supplies is estimated at ₺953 million per year. It is on the Global Coal Exit List.