AES and Koc to Grow by Acquiring Power Plants, Gas&Power Says

AES Corp., a U.S. power producer, and its Turkish partner Koc Holding AS, will acquire power plants in order to expand, Gas&Power said, citing Koc chairman Mustafa Koc.

AES and Koc are partners in Entek Elektrik Uretimi AS, which plans to buy plants from private companies and from sales by the government’s asset sale agency, Koc, said, according to the Istanbul-based magazine.

To contact the reporter on this story: Ercan Ersoy in Istanbul eersoy@bloomberg.net.

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net.

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