Park Holding offers highest bid for Akdeniz grid in Turkey

Park Holding Co. made the highest bid with $1.165 billion for the state owned Akdeniz Electric Distribution co. at a privatization tender held in Ankara.

Park Holding offers highest bid for Akdeniz grid in Turkey

Park Holding Co. made the highest bid with $1.165 billion for the state owned Akdeniz Electric Distribution co. at a privatization tender held in Ankara on Tuesday.

15 companies competed to purchase Akdeniz Electric Distribution co. which operates electricity grids in three major provinces in Turkey's Mediterranean Region. Park Holding Co. made the highest bid with $1.165 billion in the auction stage and won the tender.

Akdeniz Electric Distribution Co. operates energy grids in Antalya, Burdur and Isparta with 1.55 million subscribers and an annual electricity consumption of 5.9 million MWh. The regions's share in overall electric distribution in Turkey is 4.4%.


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Last Mod: 08 Aralık 2010, 10:02
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