Italy's Edison eyes to joint venture in Turkey
Italian energy company, Edison SpA is planning to establish a joint venture for power generation in Turkey, said Chief Executive Umberto Quadrino, the Dow Jones Newswires reported on Friday.
"In Turkey we are negotiating a joint venture with a Turkish partner, but we have not yet disclosed it to the market. We are in the process of discussions," the newspaper quoted Quadrino as saying in an interview Thursday.
Edison has been interested in Turkey, which is critically short of generating capacity, for some time. Earlier this year it was one of several major European producers, including Germany's RWE AG, to express interest in a government tender for the construction and operation of two thermal power units in Afsin-Elbistan, located near Kahramanmaras in southern Turkey. However, it hasn't submitted a tender for either plant.
Despite this, Quadrino said, it is still interested in investing in thermal plants in Turkey.