RAO UES to take part in privatization of Turkish energy grids

RAO UES does not rule out the possibility of buying shares of the energy companies in Turkey, RAO UES's press department reported. Earlier Turkish authorities expressed their interest in selling government stakes in the national power grids by auction before the end of this year. ROA UES might take part in these tenders.

According to RAO UES Deputy CEO Andrey Rappoport, RAO UES's long term targets are to buy shares in the energy companies of Armenia and Georgia, entering the power market of Iran and Turkey and creating the base for working with the energy systems of these countries. Turkey lacks energy supplies and therefore the country is a good market for importing energy. Energy systems of Russia and Turkey link the two countries to Armenia and Azerbaijan. Therefore, the Armenian-Azerbaijani conflict must be solved to make it possible to supply energy to Turkey.

RAO UES controls 70 percent of energy generating companies in Armenia and 20 percent of the energy generating companies in Georgia.

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