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KIB-TEK Will Not be Privatised – Nami

KIB-TEK Will Not be Privatised – Nami

February 18
11:40 2019
North Cyprus News - Ozdil Nami

Minister of Economy and Energy Özdil Nami

The privatisation of Kib-Tek is not on the agenda, Minister of Economy and Energy Özdil Nami has said. The plan is to continue to strengthen Kib-Tek and make the necessary investments to provide consumers with the cleanest and cheapest energy possible.

Nami emphasised that the change in the Kib-Tek Board of Directors would not cause any disruption to investments, and that the process related to the purchase of generators will continue in the normal course of events.

Investments are in progress. Kib-Tek management of Liquid Natural Gas (LNG) after the 2022 target is still ahead of us. We are working on how natural gas can be used. Work is underway on the undersea cable from the Turkish mainland, the ball is in Turkey’s court. Our goal is to provide clean and cheap energy“, said Minister Nami.

North Cyprus News - Solar Energy

We do not have a vision to continue our journey with private energy company AKSA under the current contract. Our vision is to open the way for renewable energy, to realise the cable project if possible, on the other hand, to bring the generators that we will need to use with natural gas, and to continue our way with a scenario that makes energy prices cheaper“, Nami said.