2/11/2008

Turkey to invite bids for power grid

Turkish Daily News - Turkey plans to invite bids for at least three power distribution grids by the end of April and complete the sale before the end of the year, Metin Kilci, head of the state asset-sales agency, said. The country will offer the three grids it originally put up for sale in 2006 and may add a fourth network in the east of the country, Kilci said in an interview with the CNN Turk television. Turkey delayed the earlier sale to invest more in the grids. The grids are located in the capital Ankara, the Asian side of Istanbul and in the industrial town of Sakarya. About 90 potential bidders were interested in the 2006 sale before the government postponed it. German utilities E.ON AG and RWE AG and Spain's Iberdrola SA were among foreign applicants. The fourth grid would be from the east of the country, where levels of theft from the power network are higher, Kilci said. The government would choose between the networks in Kars, Van and Dicle, he said.