Turkey has transferred the operation of two power grids for $2.5 billion and now seeks to complete the privatization of a $13 billion-worth portfolio by the end of the year. A joint venture of three Turkish companies has taken over the operational rights of two major electricity grids, putting $2.5 billion in the state’s coffers. The venture of Cengiz-Kolin-Limak, which is also part of the five-company consortium that won the tender for the third airport of Istanbul, signed the contract that gives the operational rights of Istanbul’s European side grid, Boğaziçi Elektrik, Akdeniz Elektrik.