It was privatised for 26.3 million, KEDS for three years 87m euros in profit

It was privatised for 26.3 million, KEDS for three years 87m euros in profit

During 2014 alone, the KED company has provided clean profits of about 30m euros, until one earlier Turkish company “Calik-Limac” had privatised the electricity distribution for 26.3m euros. The sale of electricity distribution at such a price years ago was forwarded on numerous charges, since it was estimated [...]

During 2014 alone, the KED company has provided clean profits of about 30m euros, until one earlier Turkish company “Calik-Limac” had privatised the electricity distribution for 26.3m euros.

The sale of electricity distribution at such a price years ago was forwarded on numerous charges, as it is estimated that the value of public company assets was higher and the Turkish company had invested in a safe business and with exclusive access to consumer electricity retail.

The newspaper “Voice” has managed to provide documentation of the seized profits provided by KEDS and KESCO companies, which was founded in 2015 and handles electricity supplies.

According to this “Zit” documentation, in 2015 these companies have earned 31m euros, despite investments made, while in 2016 the profits of these two companies have reached about 25m euros.

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