Engie has agreed to sell its 775 MW Baymina gas-fired power plant near Ankara (Turkey) and Izgas, a gas distribution company in Kocaeli province, to the Turkish energy group Palmet Enerji for an undisclosed amount. The Baymina power plant, which was commissioned in 2003, has been idle since its contract with the government ended in 2019. Izgas (90% owned by Engie since 2009, 10% owned by the Kocaeli Metropolitan Municipality) has 410,000 subscribers and sold 550 mcm of natural gas to end-users in 2019. The company also transported 2 bcm of natural gas sold by other suppliers in its distribution region. Palmet Enerji is also acquiring Engie’s gas-technology unit Engie Yönetim Enerji and Gazco. The transaction, which was approved by the Turkish Competition Authority, still requires approval from the energy regulator. The deal is expected to close in April 2021.
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