CLIENT ALERT

May 2017

   

 

For further information please contact:

Av. Dr. Çağdaş Evrim Ergün
Partner, Ankara
c.ergun@cergun.av.tr

Av. Ayça Özbek
Associate, Ankara
a.ozbek@cergun.av.tr

Ergün Avukatlık Bürosu İstanbul | Levent Loft II, D: 13-16, Levent
T +90 (212) 280 90 91

Ankara | Mahall Ankara, E Blok, D: 63, Çankaya
T +90 (312) 220 30 60

E info@cergun.av.tr

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Privatization of Yenice Hydroelectric Power Plant

Tender announcement for privatization of Yenice Hydroelectric Power Plant located in Karabuk, Turkey, with a total installed capacity of 38 MW, has been published in the Official Gazette on 11 May 2017.

In accordance with the tender announcement, Yenice Hydroelectric Power Plant, which is owned by Electricity Generation Company (EÜAŞ), the state-owned electricity generation company, will be privatized through Transfer of Operational Rights within the framework of the Privatization Law No. 4046.

Legal entities and consortiums can participate in the tender. Private investment funds and individuals can also participate in the tender provided that they are a member of a consortium. Each participant shall sign a letter of undertaking on confidentiality. The tender method will be the negotiated tender procedure. Participants will be required to purchase tender documentation and submit a bid bond of TRY 10 million. Deadline for submission of the bids is 17:00 on 23 June 2017.
 

This information is provided for your convenience and does not constitute legal advice. It is prepared for the general information of our clients and other interested persons. This should not be acted upon in any specific situation without appropriate legal advice. This information is protected by copyright and may not be reproduced or translated without the prior written permission of Ergün Avukatlık Bürosu.