Turkey, 12 firms apply for Istanbul power grid

Turkey's Privatization Administration has announced that it has received 12 applications for the privatization of Bogazici Elektrik, as Hurriyet daily reports. Park Holding and Aksa are among the confirmed, having both also submitted applications in the first cancelled tender. The submission deadline is scheduled for November 13. The applicants will be required to provide a 30 million USD down payment, according to daily Radikal. The complete list of applicants is as follows: Enerjisa, Park Holding, Genpa Telekomunikasyon, Aksa Elektrik, Calik Enerji, Zorlu Holding, Elsan-Tümas-Karacay joint venture, Cengiz-Kolin- Limak joint venture, Ozyazici Insaat Elektrik, Tata Power Company Limited, IC Ictas Insaat and Torunlar Gida. Karamehmet- Kazanci joint venture company MMEKA had submitted the highest bid during the first tender. Aksa had come second, followed by Park Holding. Despite asking for additional time, these companies were not able to make the necessary down payment.