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May 27, 2012
 
 
 
 
 
 

Natural gas distributor Başkent clears debt to BOTAŞ

10 December 2009 / TODAY’S ZAMAN, ANKARA
The general manager of Ankara natural gas distributor Başkent Doğalgaz Dağıtım A.Ş., Harun Gündüz, said on Tuesday that his company has repaid all its debts to the Turkish Pipeline Corporation (BOTAŞ), amounting to TL 440 million in total.

Speaking to the Anatolia news agency, he expressed relief at having eliminated the heavy burden of debt and said they will be more careful from now on in avoiding incurring such a high debt. In the coming period, Başkent will focus on growing with new investments to improve infrastructure, Gündüz added.

A tender to privatize the remaining 20 percent of Başkent Doğalgaz Dağıtım A.Ş. is expected to be undertaken before the end of the year. The Energy Ministry was planning to utilize part of the revenue earned from the tender to pay off the company’s debt to BOTAŞ and to transfer the remaining funds to the Ankara Metropolitan Municipality. The privatization of 80 percent of Başkent Doğalgaz was completed earlier this year.

As regards investments in infrastructure for 2010, he mentioned plans to bring natural gas to Ankara’s relatively deprived regions of Gölbaşı, Akyurt, Elmadağ and Kazan. Nearly 80 percent of Ankara’s periphery has natural gas, Gündüz said, adding that new lines are being installed while old ones are being upgraded.

 
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