Six companies to race for Aegean power plant

Six companies to race for Aegean power plant

Six companies to race for Aegean power plant

DHA Photo

Six Turkish companies have placed offers for the Aegean thermal power plant Yatağan, the Privatization Administration announced on May 6.

The privatization of the 630-megawatt plant, the offer presentation deadline for which ended on April 30, was eyed by a number of Turkey’s top energy players.

Energy and construction giant Limak, Çeçen-owned Construction mogul IC İçtaş, Konya Şeker, a local sugar producer but also active in the food, agriculture-breeding and energy sectors, and energy contracting/generating firm Elsan were all announced as bidders for the plant in the Aegean province of Muğla.

IC İçtaş recently won the rights to operate the Yeniköy and Kemerköy thermal power plants in the same province for $2.671 billion.

Most of the Yatağan bidders also recently competed to win rights to operate Çatalağzı coal-fires power plant in Black Sea province of Zonguldak. However, a local mining firm, Demir Madencilik emerged victorious by offering $351 million for the facility.

Workers of Yatağan, Yeniköy and Kemerköy workers have been opposing to the privatization.