Turkish energy contracting and generating firm Elsan has placed the highest bid of $1.091 billion to win the operational rights of Yatağan thermal power plant in the Aegean province of Muğla.

Elsan won the operating rights for the plant after outbidding its rivals energy contracting firm Alsim Alarko and local food and energy company Konya Şeker at the auction stage that only lasted five rounds.

The tender for Yatağan was initially scheduled for May 16, but was delayed until June 11 after the Soma mining accident killed 301 workers in another Aegean province Manisa on May 13.