* Aksa to sell 104.7 million lira shares to foreign investors
* Aksa Enerji to use proceeds from sale for power plants
ISTANBUL, Dec 22 (Reuters) - Power producer Aksa Enerji, whose IPO this year was hit by weak demand, plans to sell shares worth 104.7 million liras ($67.4 million) to foreign investors next year to boost capacity in energy hungry Turkey.
Aksa said the shares could be sold via a capital increase or through a sale of shares owned by Kazanci Holding.
The company plans to use the proceeds from a capital increase to raise capacity at its power plants, for new plant investments and for new business opportunities, it said in a statement late on Tuesday.
Proceeds from a sale through shareholder Kazanci Holding will be injected back to the company via a capital increase, it said.
One of the two share sale options would be used in 2011. Aksa Enerji hired Garanti Yatirim to manage the sale and TSKB will also take part in the process, according to the statement.
Growth potential in Turkey's power production sector is huge as the country needs to invest $3 billion to $5 billion annually over the next five years in order to prevent power shortfalls, as demand is seen outstripping current capacity.
Scant investor interest earlier this year forced Aksa to cut its IPO to 5.2 percent of capital from 13.5 percent. The stock has risen 4.5 percent since its debut on May 21, lagging gains of some 21 percent in the Turkish equity market. (Reporting by Seda Sezer; Editing by Jon Loades-Carter)