Abdullah Tivnikli, the chairman of Eksim Holding, which took over Dicle Edaş (Electricity Distribution Company) and has the highest illegal electricity use in Turkey at 72 percent, has decided to end the enterprise after one-and-a-half years. The total loss of Dicle Edaş, which had been sold to the İşkaya-Doğu joint venture at $387 million increased to $400 million within one year. Tivnikli said in a televised interview that they will have to cut electricity in the region unless the government buys back Dicle Edaş: "The loss is $400 million. Either the government buys the company back or I will have to cut electricity for eight hours a day." The incidents that led Tivnikli to this conclusion include high illegal electricity use, 960 transformer explosions in one year due to overloading, and only one fourth of total bills being paid - 350,000 users out of a total of 1.5 million are not paying their bills.
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