Turkey Financial News

Posted by meb at July 18th, 2009

Germany’s RWE and EnBW Energie Baden-Wuerttemberg applied to bid for Turkish electricity distribution grids, Turkey’s Privatization Administration, or ÖİB, said in a statement Thursday.

RWE, ENBW and EWE were among 22 applicants who may place bids in a tender for Osmangazi Elektrik Dağıtım, a grid that serves the central cities of Eskişehir and Afyon, the ÖİB said in an e-mailed statement.

EWE may also bid for Yeşilırmak Elektrik Dağıtım, a grid covering northern Black Sea regions, along with 16 other applicants, and was one of 13 possible bidders for Çoruh Elektrik Dağıtım in the northeast of the country. (more…)

Posted by meb at March 20th, 2009

The General Directorate of Highways has announced that it will hold a tender for the construction of a new highway stretching from the town of Gebze in the northwestern province of Kocaeli to the Aegean province of İzmir, including a bridge over the Gulf of İzmit, on April 9.

The project will be carried out through the build-operate-transfer method. Many Turkish and foreign firms have expressed interest in the tender, which has been postponed a number of times already. The directorate will ask companies submitting bids to specify how long they want to operate the bridge and highway. The firm that fulfils the conditions of the bid specifications and commits to the shortest period of operation will win the tender. (more…)

Posted by meb at February 25th, 2009

Turkish contractors could share in $1-1.5 billion from projects in Georgia after the country secured $4.5 billion in investment credit from international institutions, Trade Minister Kursad Tuzment said on Wednesday.

Georgia would soon start to implement important infrastructure projects regarding $4.5 billion investment credit procured from international institutions, the Anatolian Agency reported Tuzmen as saying.

Georgia plans to make investments in motorway, energy, housing, public buildings as well as infrastructure investments with the credit. (more…)

Posted by meb at February 25th, 2009

The U.S. Air Force said on Tuesday that it has modified a $797 million contract with Lockheed Martin Corp that covers the purchase of fighter jets by the Turkish government, AP reported.

Under the change, Lockheed will provide 14 F-16C variants and 16 F16D models for Turkey. (more…)

Posted by meb at February 5th, 2009

The Russian-led consortium that won the tender to build Turkey’s first nuclear power plant and supply energy to the national grid has revised its price offer in an attempt to prevent its bid from collapsing.

The Turkish-Russian joint venture Atomstroyexport-Inter Rao UES JSC-Park Teknik submitted a new offer, one much cheaper than its unexpectedly high bid of 21.16 cents per kilowatt hour (kWh), to the Turkish Electricity Trading and Contracting Company (TETAŞ) in a letter submitted on Wednesday.

The company originally sent a revised offer last month in a closed envelope, attempting to modify its offer for the tender, after its original price offer met with harsh criticism from public opinion as it was several times higher than current prices for electricity. TETAŞ sent the new envelope back to the company without even opening it, explaining that any new offer would not be allowed by the strict tender specifications. (more…)

Posted by meb at January 19th, 2009

Turkish energy minister said the consortium, which offered 21.16 cents kWh for the construction and management of Turkey’s first nuclear power plant, revised its initial offer on Monday.

Turkey’s government has received a revised offer from the consortium, formed by Russia’s state-run Atomstroyexport, Inter RAO and Turkish Park Teknik to the nuclear plant, Dogan News Agency reported Turkish Energy Minister Hilmi Guler saying in Ankara. (more…)

Posted by meb at December 12th, 2008

Turkey earned 6.3 billion USD from privatization in 2008. Also it will gain 4.2 billion USD after hand over procedures of other privatized companies are completed.

Turkey earned 2.04 billion USD from privatization of Petkim Petrochemical Holding, 2.2 billion USD from TEKEL (state-owned tobacco company), 1.9 billion USD from public offering of Turk Telekomunikasyon and 89.2 million USD from its hand over procedures in 2008.
source: Today’s Zaman

Posted by meb at December 5th, 2008

The Turkish-Korean Joint Venture (TKJV) has won a tender for construction of a vehicle tunnel underneath the Bosporus. The TKJV released a written statement Thursday saying the project, expected to cost $1 billion, could be finished within the next four-and-a-half years.

The project will be based on the build-operate-transfer (BOT) model. The tube is anticipated to ease traffic in the city of 15 million.

The new tunnel will be constructed on a two-tier system with traffic flowing in opposite directions. At 14.6 kilometers long, including sections both underwater and above ground, it will start in Sirkeci on the European side and end in Göztepe on the Asian side of the city. (more…)