popular articles

Turkey Prepares IPOs to Modernize Its Public Energy Companies

Turkey plans IPOs for TEİAŞ, EÜAŞ, BOTAŞ, and TPAO. This initiative aims to attract strategic investments and improve the country's key energy infrastructures.

Please share:

Turkey is implementing a major reform in its energy sector by planning the partial privatization of several strategic public companies. The initial public offerings (IPOs) of TEİAŞ (Electricity Transmission), EÜAŞ (Electricity Generation), BOTAŞ (Natural Gas Network), and TPAO (Oil and Gas Exploration and Production) mark a significant step in modernizing these entities. The primary goal is to diversify funding sources and attract foreign investments while allowing citizens to participate in these strategic projects.

Strategic and Economic Context

Faced with a growing energy demand, Turkey aims to strengthen its energy infrastructure while meeting requirements for transparency and efficiency. These IPOs are part of a broader strategy of partial privatization, intended to make the companies more competitive while attracting capital for large-scale projects.

The country’s geographical position as an energy corridor between Europe and Asia underscores the importance of these investments. The funds raised could be allocated to improving infrastructures, integrating renewable energy, and securing supply chains.

Overview of the Companies Involved

TEİAŞ, the electricity transmission network operator, plays a central role in energy transport across the country. An IPO could enable the modernization of its network, which is critical to meeting increasing demand and integrating more renewable energy.

EÜAŞ, Turkey’s primary electricity producer, operates a diverse installed capacity, including thermal, hydroelectric, and renewable plants. Funds from the IPO could finance modernization and expansion projects, contributing to enhanced energy security.

BOTAŞ, the natural gas network operator, is a key player in ensuring the country’s energy supply. The IPO would provide opportunities to diversify supply sources and develop strategic infrastructures, including liquefied natural gas (LNG) terminals.

TPAO, responsible for oil and gas exploration and production, plays a strategic role in reducing Turkey’s energy dependence. Funds raised could finance ambitious exploration projects, particularly in the Eastern Mediterranean, where recent discoveries open new opportunities.

Implications for Investors

The IPOs of Turkish public energy companies represent a rare opportunity for investors to acquire stakes in strategic assets. These entities, at the core of the national energy policy, play a structural role in the country’s economic development. However, investors must consider associated risks, including energy price volatility, currency fluctuations, and the regional geopolitical context. A thorough analysis of financial and operational perspectives will be essential to evaluate opportunities and challenges.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Donald Trump's aggressive trade policies and regulatory uncertainty in the United States are slowing investments in wind, solar, and energy storage, pushing the sector into a period of caution and market volatility.
The French government activates five funding mechanisms to support industrial decarbonisation projects through the France 2030 plan, targeting major sites, SMEs and high-emission industrial zones.
The French government activates five funding mechanisms to support industrial decarbonisation projects through the France 2030 plan, targeting major sites, SMEs and high-emission industrial zones.
Paris releases a new €400mn funding package to support industrial projects aimed at reducing emissions under the France 2030 programme.
Paris releases a new €400mn funding package to support industrial projects aimed at reducing emissions under the France 2030 programme.
The massive withdrawal of American financial support and the reduction of European aid could jeopardize energy projects in Africa, profoundly altering their financing structure and the continent's commitments.
The massive withdrawal of American financial support and the reduction of European aid could jeopardize energy projects in Africa, profoundly altering their financing structure and the continent's commitments.
The Vietnamese government has raised its renewable energy targets in a new version of its national energy plan, responding to continued growth in electricity demand.
A massive outage plunged Puerto Rico into darkness on Wednesday, leaving approximately 1.1 million households without electricity after an unexpected shutdown of all its power plants.
A massive outage plunged Puerto Rico into darkness on Wednesday, leaving approximately 1.1 million households without electricity after an unexpected shutdown of all its power plants.
The Czech Republic has ended its dependency on Russian oil after more than six decades, a major shift made in response to Russia's invasion of Ukraine.
The Czech Republic has ended its dependency on Russian oil after more than six decades, a major shift made in response to Russia's invasion of Ukraine.
The European power purchase agreement (PPA) market for renewables reached 19 GW of new capacity in 2024, with growing momentum for hybrid contracts including storage.
The European power purchase agreement (PPA) market for renewables reached 19 GW of new capacity in 2024, with growing momentum for hybrid contracts including storage.
Industry Minister Marc Ferracci criticised the Rassemblement National's stance on energy, accusing it of hindering planned investments in renewables in favour of fossil fuel imports.
Bill 69 sparks protests in Saint-Jean-sur-Richelieu, where several organisations denounce a risk of privatising Quebec’s electricity sector.
Bill 69 sparks protests in Saint-Jean-sur-Richelieu, where several organisations denounce a risk of privatising Quebec’s electricity sector.
Wind and solar energy accounted for nearly one-fifth of Türkiye’s electricity generation in 2024, according to an analysis by think tank Ember, driven by a strong increase in installed capacity.
Wind and solar energy accounted for nearly one-fifth of Türkiye’s electricity generation in 2024, according to an analysis by think tank Ember, driven by a strong increase in installed capacity.
The Acerez consortium has signed a 35-year agreement to build and operate over 240 km of high-voltage lines in Australia, marking the country's first public-private partnership in the sector.
The Acerez consortium has signed a 35-year agreement to build and operate over 240 km of high-voltage lines in Australia, marking the country's first public-private partnership in the sector.
France’s multi-year energy strategy shifts focus away from photovoltaics toward flexibility measures, including battery storage, to address growing imbalances in the electricity market.
France’s energy regulator unveils its first observatory dedicated to renewable electricity purchase agreements, highlighting a recent but still marginal growth compared to State-backed mechanisms.
France’s energy regulator unveils its first observatory dedicated to renewable electricity purchase agreements, highlighting a recent but still marginal growth compared to State-backed mechanisms.
The French government plans to adopt within two weeks a decree outlining the decade’s energy objectives, restarting nuclear power and preparing for a parliamentary debate on energy sovereignty.
The French government plans to adopt within two weeks a decree outlining the decade’s energy objectives, restarting nuclear power and preparing for a parliamentary debate on energy sovereignty.
The expansion of solar and wind capacity is multiplying hours of negative prices on European electricity markets, weakening the sector's economic balance while reshaping export and storage dynamics.
The expansion of solar and wind capacity is multiplying hours of negative prices on European electricity markets, weakening the sector's economic balance while reshaping export and storage dynamics.
The National Assembly will discuss national energy security on 28 April at the government’s request, in connection with the upcoming Multiannual Energy Programming covering the 2025-2035 period.
Despite a predominantly decarbonised electricity production, demand in Europe remains subdued, hindered by uncompetitive prices and limited industrial usage.
Despite a predominantly decarbonised electricity production, demand in Europe remains subdued, hindered by uncompetitive prices and limited industrial usage.
Data from think tank Ember reveals that fossil fuels accounted for just 49.2% of US electricity generation in March 2025, marking an unprecedented threshold.
Data from think tank Ember reveals that fossil fuels accounted for just 49.2% of US electricity generation in March 2025, marking an unprecedented threshold.
The global electricity mix shifted in 2024 with 40.9% of production from low-carbon sources, according to Ember, driven by historic solar power growth.
The global electricity mix shifted in 2024 with 40.9% of production from low-carbon sources, according to Ember, driven by historic solar power growth.
The French government finalises its new energy roadmap through 2035, balancing nuclear revival and selective expansion of renewables amid political tensions.
Burundi’s main opposition coalition warns of direct consequences from the energy crisis on the organisation of the June legislative elections.
Burundi’s main opposition coalition warns of direct consequences from the energy crisis on the organisation of the June legislative elections.
In Cienfuegos, Cuba is deploying an ambitious photovoltaic programme supported by China to reduce its dependence on oil and stabilise its failing power grid.
In Cienfuegos, Cuba is deploying an ambitious photovoltaic programme supported by China to reduce its dependence on oil and stabilise its failing power grid.
The Panama Canal Authority has approved a strategic gas pipeline project amid political tensions and diverging interests over regional energy control.
The Panama Canal Authority has approved a strategic gas pipeline project amid political tensions and diverging interests over regional energy control.

Advertising