Germany’s EWE Eyes Opportunities in Turkish Retail Market

Germany’s EWE AG eyes opportunities to increase its clout in the Turkish market, aiming to double the number of its natural gas customers in the wake of expanding retail sectors.

According to Bloomberg, Bekir Sami Acar, managing director of EWE Turkey Holding, can compete with domestic companies for significant acquisitions made possible by the government’s privatization program.

“Turkey’s retail gas usage penetration should increase to 70% or 80% of the total consumers,” Acar said to the news agency, referring to consolidation opportunities in the next five to 10 years.

Acar explained also that the Turkish government’s policies could push some companies out of the market, as the country is keeping tariffs artificially low.