Tender announcement for 4 new Wind Power Renewable Energy Resource Area (“YEKA”) projects (“Projects”) has been published in the Official Gazette on November 7, 2018.
The Projects will comprise of the allocation of renewable energy resource areas and utilization of the connection capacities in order to install 4 new wind power plants.
Capacities and locations of the Projects are as follows:
- 250 MW in Balıkesir,
- 250 MW in Çanakkale,
- 250 MW in Aydın, and
- 250 MW in Muğla.
The tender will be conducted through the Dutch auction procedure upon the initial ceiling price of 5,50 US$ Cent/kWh. The bidder who submits the lowest price will be awarded with the contest and such price will constitute the guaranteed electricity purchase price. 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.
Only legal persons, joint ventures or consortiums are entitled to participate in the tender. Purchase price of the Specifications is TRY 5.000. Potential bidders may review and purchase the Specifications at the General Directorate of Energy Affairs in Ankara.
The deadline for submission of the bids is March 7, 2019 at 12.00 p.m. Potential bidders shall submit their applications by hand to the General Directorate of Renewable Energy with a letter of bank guarantee in an amount of US$ 2,5 million. The assessment of the applications will be made on the same day at 14.00 p.m. The place, date and time of the contests will later be notified to the bidders by the Ministry of Energy and Natural Resources.
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.