ECONOMY

In Brief

Turkey’s Sabanci to seek partner for nuclear power license Haci Omer Sabanci Holding, a Turkish company planning $6.5 billion in energy investments, will seek a partner to build the country’s first nuclear power plant. Sabanci is looking for an investor that is «experienced» in building and operating nuclear power plants, Selahattin Hakman, head of Sabanci’s Enerjisa Enerji Uretim AS unit, told CNN Turk television. Enerjisa is a 50-50 joint venture with Verbund, Austria’s biggest utility. Hakman didn’t say today whether Verbund would participate in the nuclear licenses. Turkey passed legislation last month establishing the regulatory framework for an atomic industry. The government initially targets capacity of 5,000 megawatts from its nuclear power plants, the first of which is expected to become operational in 2013, according to Energy Minister Hilmi Guler. (Bloomberg) Enel signs accord to build Albania power plant TIRANA (Reuters) – Italian power company Enel signed a memorandum of understanding yesterday to build a 1,300-megawatt coal-fired generating plant in Albania. The agreement was signed by Chief Executive Fulvio Conti and Albanian Energy Minister Genc Ruli during a visit to the Balkan nation by Italian Prime Minister Romano Prodi. The plant could provide power to Italy and Southeast Europe, Enel said in a statement. Financial terms were not disclosed. Albania and Italy have «a common interest because Albania cannot continue to grow at 6-7 percent a year without a big policy of energy investment,» Prodi said. Albania’s power now comes mostly from hydroelectric sources. Cyprus bond trade Trading in government and corporate bonds will be suspended on the Cyprus Stock Exchange from December 10 to 31 inclusive ahead of the introduction of the euro on January 1, the bourse said yesterday. For bonds which mature within the suspension period the last day of trading is December 7, the stock exchange said. The affected bonds will be repriced in euros under a Finance Ministry directive, the bourse said. (Reuters) Cypriot building permits Building permits in Cyprus rose 6.5 percent year-on-year over January-September in terms of area, and 18.0 percent in terms of value, the island’s statistics department said yesterday. For the month of September, building permits in terms of area rose 13.9 percent and 24.1 percent in terms of value year-on-year. (Reuters) Gatwick-Thessaloniki British budget airline easyJet said yesterday it will launch three flights a week between London Gatwick and Thessaloniki as of January 30, 2008. IMO The International Maritime Organization has re-elected Greece’s Efthymios Mitropoulos for a second term, to run between 2008 and 2011.