Turkish Coal Enterprises (TKİ) bought Konya Şeker's Soma B Thermal Power Plant, put up for sale through enforcement, with a bid of 6.946 billion lira (TL) excluding VAT. The plant thus returned to state ownership after 12 years.
AK Party Soma district chair Ali Sezer said there were no other bidders at the auction and the plant went to the first creditor, Turkish Coal Enterprises (TKİ). It was reported that Konya Şeker had bought the plant for $685.5 million in 2015 and that its debt to TKİ was 20-25 billion lira.
