Turkey's Celikler Offers $521 Million Bid for Orhaneli, Tuncbilek Power Plants

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Researched by Industrial Info Resources (Sugar Land, Texas)--Turkey's Celikler Insaat, a construction firm with energy assets, has submitted the highest bid for the Bursa Orhaneli and Kutahya Tuncbilek lignite-fired power plants. In a tender that was held by last week Turkey's Privatization Authority, Celikler Insaat offered $521 million for the plants.

The 210-megawatt (MW) Orhaneli Plant has one unit. The 365-MW Tuncbilek plant has three units. In early December, The Privatization Authority finalized the privatization process of a state-run 630-MW coal-fired plant in Yatagan in the Aegean province of Mugla. Elsan Elektrik acquired the operational rights for the plant with a winning bid of $1.1 billion.

Turkey plans to generate $2.94 billion from the privatization of state assets this year. According to its Medium Term Programme for 2015-2017, Turkey has targeted $3.8 billion in privatization revenue for 2015, and $3 billion for 2016. The privatization of the gas distribution company Istanbul IGDAS, and Ziraat Bank, are expected to be the largest privatization deals in 2015.

Recently, Turkey Energy Minister Taner Yildiz said that Turkey's state-owned energy company Turkiye Petrolleri (Ankara, Turkey), will be privatized in the foreseeable future. Also, Turkey's state-owned pipeline operator company, BOTAS (Ankara, Turkey), will be privatized after the natural gas market is fully liberalized in late 2015. Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.