Turkey’s Privatization Administration (ÖİB), which is tendering off a total of three power distribution grids on Friday, approved 12 consortiums for the tender of the Osmangazi power grid in northwest Turkey. “The price was above expectations... We think this price could help push up the prices of the other tenders,” said Levent Bayar, from HSBC Global research in İstanbul.
Among the first bidders to withdraw from the tender was the Turkish-Czech consortium of Akenerji and CEZ. The Osmangazi power grid in northwestern Turkey had a consumption of 5,042 gigawatt hours and 1.28 million clients in 2008, according to data on the ÖİB website.
The distribution grid also has one of the lowest rates of stolen electricity, a major problem in Turkey’s distribution infrastructure, at 5.2 percent versus some grid rates of as much as 64 percent in poor and rural southeastern Turkey.
Turkey’s power sector is seen as having strong growth potential, with consumption set to rise to pre-crisis levels of 6-8 percent annual growth from 2010, analysts say.
Turkey will begin the privatization sell-off process for four more power distribution grids on Monday, an ÖİB source said on Friday.
The government is looking to revive the pace of Turkey’s privatizations, which has slowed in 2009, aiming for revenues of around $7 billion from privatizations in 2010.
Benzer Haberler 
National
