{"id":27713,"date":"2010-12-02T20:10:10","date_gmt":"2010-12-02T18:10:10","guid":{"rendered":"http:\/\/www.turkishforum.com.tr\/en\/content\/?p=27713"},"modified":"2013-10-13T11:51:02","modified_gmt":"2013-10-13T08:51:02","slug":"update-1-koc-aes-form-turkey-power-projects-venture","status":"publish","type":"post","link":"https:\/\/www.turkishnews.com\/en\/content\/2010\/12\/02\/update-1-koc-aes-form-turkey-power-projects-venture\/","title":{"rendered":"UPDATE 1-Koc, AES form Turkey power projects venture"},"content":{"rendered":"<p>* Venture to diversify into coal, hydroelectric, wind<\/p>\n<p>* Koc unit sells Entek stake to AES for $136.5 mln<\/p>\n<p>* Planned investment of $4-5 bln over 5 years<\/p>\n<p>* Aygaz shares jump 4.4 percent<\/p>\n<p>(Recasts, adds quotes, details, share movements)<\/p>\n<p>By Asli Kandemir and Evrim Ergin<\/p>\n<p>ISTANBUL, Dec 1 (Reuters) &#8211; Koc Holding (KCHOL.IS: Quote) and U.S. power company AES Corporation (AES.N: Quote) unveiled a joint venture on Wednesday to develop power generation projects in Turkey, targeting planned privatisations in the fast-growing economy.<\/p>\n<p>Under the deal, Koc energy unit Aygaz (AYGAZ.IS: Quote) would sell 49.6 percent of its power generation subsidiary Entek to a Netherlands-based AES company for $136.5 million, Aygaz said in a statement to the Istanbul Stock Exchange.<\/p>\n<p>Aygaz shares jumped 4.4 percent to 8.16 lira in the wake of the announcement, while Koc Holding shares were flat at 7.06 lira in a broadly firmer market. \u00a0 Continued&#8230;<\/p>\n<p>via <span class=\"removed_link\" title=\"http:\/\/af.reuters.com\/article\/energyOilNews\/idAFLDE6B015M20101201\">UPDATE 1-Koc, AES form Turkey power projects venture | Energy &amp; Oil | Reuters<\/span>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Venture to diversify into coal, hydroelectric, wind * Koc unit sells Entek stake to AES for $136.5 mln * Planned investment of $4-5 bln over 5 years * Aygaz shares jump 4.4 percent (Recasts, adds quotes, details, share movements) By Asli Kandemir and Evrim Ergin ISTANBUL, Dec 1 (Reuters) &#8211; Koc Holding (KCHOL.IS: Quote) [&hellip;]<\/p>\n","protected":false},"author":83,"featured_media":62697,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[846],"tags":[176,802],"class_list":["post-27713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-energy","tag-oil"],"_links":{"self":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts\/27713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/users\/83"}],"replies":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/comments?post=27713"}],"version-history":[{"count":0,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts\/27713\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/media\/62697"}],"wp:attachment":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/media?parent=27713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/categories?post=27713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/tags?post=27713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}