Izmit to auction gas grid
Posted by meb at July 5th, 2008
The city of İzmit, 110 kilometers southeast of Istanbul, will hold an auction for its natural-gas distribution network on Aug. 14, a month later than originally planned.
Potential buyers must reveal technical details on bids for İzmit Dogalgaz Dağıtım, or İZGAZ, by Aug. 7 and make initial offers by the day of the auction, the municipality said in an advertisement published in Turkish newspapers Friday.
İzgaz had originally set a bid deadline of July 17.
The government is divesting energy assets in an International Monetary Fund-backed effort to encourage investment and meet demand for energy that’s rising 8 percent annually. A gas grid in the capital Ankara, which last year sold 1.7 billion cubic meters of gas, was sold for $1.6 billion in April.
İzgaz has 200,000 subscribers and sold 1.2 billion cubic meters of gas last year, 80 percent of it to industries and businesses in or near the city. Potential bidders should apply to the municipality to study the books of the network by July 31, according to the advertisement. Books will be open until Aug. 14, it said.
Meanwhile, Greece and Turkey agreed to exchange 200 megawatts of electricity in 2008 and 2009 to relieve peak power demand, the Greek Development Ministry said.
Greek Development Minister Christos Folias and Turkish Energy Minister Hilmi Güler signed the agreement Wednesday in Turkey, said the ministry in a statement in Athens.
Greece’s electricity demand grew by 50 percent in the last 10 years, according the U.S. Energy Department. The power to be exchanged with Turkey, 200 megawatts, represents less than a third of the capacity of the latest plant under planning by Greece’s biggest electricity producer, Public Power Co.
source: Turkish Daily News
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