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Turkey extends deadline for grid tender payments
ANKARA : Turkey 's Privatisation Administration (OIB) on Wednesday extended the deadline by three months for compani
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The privatisation body said it will seek an additional 2 percent deposit from power grid tender winners, one official, who requested anonymity, told Reuters.
The initial downpayments were around 3 percent. MMEKA Makine, a venture between businessmen Mehmet Emin Karamehmet and Mehmet Kazanci, made the highest bid of $1.813 billion for Ayedas, which has about 2 million customers, back in December.
A joint venture of private Turkish companies Is-Kaya Insaat and MMEKA Machinery made the top bid of $2.99 billion for the Bogazici power distribution grid, which serves the European side of Istanbul.
Copyright Reuters, 2011