Turkey’s Privatisation Administration will launch sale tenders for two electricity distribution networks. Turkey plans the sell offs to finance a large current account gap and the sales are expected to bring in foreign direct investment.

The launch of the two new tenders, coupled with the sale of two other grids launched last week, marks acceleration in Turkey’s broad sell-off programme after several delays.

A deadline of May 26th is set for companies to apply for prequalification and a July 15th deadline for bids for the two networks.

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Posted: 04|30|08 at 2:01 pm. Filed under: Auction News.