Our report shows that the contraction in total deal values in the Turkish energy market continued in 2015. Although the number of deals rose from 40 in 2014 to 44 in 2015, the total deal value dropped by 14% from USD 5.6 billion to USD 4.8 billion. This resulted in an average deal value of USD 110 million, representing a 21% decline per deal, compared to USD 140 million in 2014.
Unlike previous years, the weight of private deals in the deal pool increased from 18% in 2014 to 63% in 2015, as fewer privatisation deals took place. However, there are still important assets to be privatised in the pipeline. The Privatisation Administration already disclosed the list of 15 HPPs and three NGPPs to be privatised by 2020. For most of these projects, tenders are scheduled for the first quarter of 2016. If all goes according to this schedule, 2016 will be another year of privatisations, and if so, utilities will continue to lead the deals pack.