Enerjisa to spend $1.27 bln on projects in Turkey

Enerjisa Group, a Turkish power utility owned by Verbund and Sabanci Holding, will invest 930 million euros this year as it increases sales 28 percent, the group's Chairman Selahattin Hakman said on Tuesday. The spending will be on power plants and an electricity grid it operates in Ankara, Hakman told a news conference in Istanbul. Enerjisa will invest 5.5 billion euros by 2015 to expand generating capacity to 5,000 megawatts from 1,385 MW, meaning it will have at least 10 percent of Turkey's power capacity, Hakman said. Their market share may rise, as the group wants to buy several power plants from the government, he said.