July 19 (SeeNews) - Turkish energy company Enerjisa, an equally-owned joint venture of Turkey's Sabanci Holding and Germany's E.On, has postponed its initial public offering (IPO) plans by one year to 2016, broadcaster CNBC-e reported.
The holding company and its joint venture partner revised their plans for Enerjisa in a bid to develop prior to the IPO the quality of the services offered by the power distribution firms privatised recently, the head of Sabanci Holding's energy group, Selahattin Hakman, told CNBC-e in an interview.
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In March Enerjisa won government tenders for the privatisation of power utilities Istanbul Anadolu Yakasi Elektrik Dagitim and Toroslar Elektrik Dagitim.
Hakman said also Enerjisa does not plan to acquire other power distribution companies but intends to bid in power generation tenders and to take part in the planned energy bourse in Turkey. He added that the company is following closely the developments in the shale gas and may enter the business if it sees potential.