Türkiye 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.
Türkiye has transferred the operation of two power grids
