CLIENT ALERT

April 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

W cergun.av.tr

Tender Announcement for Wind Power Renewable Energy Resource Area Project

Tender announcement for 1.000 MW Wind Power Renewable Energy Resource Area (“YEKA”) project has been published in the Official Gazette on April 13, 2017. After the first YEKA tender conducted on March 20, 2017, which was a 1.000 MW solar power project, the second YEKA tender has been launched for a 1.000 MW wind power project.

Tender will be carried out through Dutch auction where ceiling price will be 7 US$ cent/kWh. Successful bidder will be granted a purchase and price guarantee for 15 years which will commence from the signing date of the YEKA Usage Right Agreement.

Potential bidders may see and purchase the tender documents at the Ministry of Energy and Natural Resources in Ankara. The purchase price of the tender documentation is TRY 20,000.

The deadline for submission of the bids is July 27, 2017. Whilst submitting their applications, bidders will be required to submit a bid bond in an amount of US$ 10 million to the administration.

 

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.