Turkish lawmaker calls for nationalisation of Kangal thermal plant
Lawmaker Ulaş Karasu urges the Turkish government to nationalise the idle Kangal Thermal Power Plant after its market valuation dropped by $700 million since 2013.
Opposition lawmaker Ulaş Karasu has submitted parliamentary questions regarding the Kangal Thermal Power Plant in Sivas, Turkey, where production has halted and workers have been placed on unpaid leave.
Addressing Treasury and Finance Minister Mehmet Şimşek and Labour Minister Vedat Işıkhan, Karasu highlighted that company Konya Şeker originally acquired the facility in 2013 for $985 million. The plant was recently put up for sale with a starting price of $285 million, representing a nominal valuation drop of $700 million.
Karasu questioned the financial and technical reasons behind the steep decline in value and urged the government to nationalise the facility rather than allow its resale to private operators.
Sources: Cumhuriyet.