[CLSTR]
API
< Back to situations

Monitor this situation.

[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 5 sources · 9 days · First seen · Last updated

Soma B Thermal Power Plant bankruptcy and acquisition

Overview

Soma B Termik Santrali, operated by Konya Şeker, filed for bankruptcy due to an unsustainable debt burden exceeding 20 billion TL owed to Türkiye Kömür İşletmeleri (TKİ) for lignite coal supplies, alongside other significant liabilities. The facility, which has a 990-megawatt capacity, faced financial pressure from rising maintenance costs, environmental investments, and foreign currency-denominated credits.

Following the bankruptcy proceedings and an auction process that saw no other bidders, Türkiye Kömür İşletmeleri (TKİ) acquired the plant and its real estate for 6.946 billion TL (excluding VAT). This acquisition price was approximately half of the 13.8 billion TL valuation set by experts. The sale serves to offset Konya Şeker’s debts to TKİ, marking the return of the plant to public ownership roughly 12 years after its 2015 privatization.

Entities

Türkiye Kömür İşletmeleri · Konya Şeker · Elektrik Üretim AŞ · Konya Asliye Ticaret Mahkemesi · Soma B Termik Santrali

Timeline

  1. [BUSINESS] 3 sources
    Türkiye Kömür İşletmeleri acquires Soma B Thermal Power Plant

    Türkiye Kömür İşletmeleri (TKİ) has acquired the Soma B Thermal Power Plant from Konya Şeker for 6.946 billion TL following an enforcement sale process.

  2. [BUSINESS] 2 sources
    Soma B Termik Santrali files for bankruptcy amid 20 billion TL debt

    Soma B Termik Santrali, owned by Konya Şeker, has filed for bankruptcy due to debts exceeding 20 billion TL owed to Türkiye Kömür İşletmeleri.

Sources

boldmedya.com · manisadenge.com · odatv.com · pusulahaber.com.tr · tarimdanhaber.com