Adilcevaz, Ahlat, malazgirt, Varto-Sonmez River Hydro Plant (Group 17)

Active

In February 2011, the Turkish Privatization Administration (Ozellestirme Idaresi Baskanligi or OIB) signed with the Turkish construction group Er Bu Insaat a 49 year concession granting the operating rights of four mini hydro power plants, known as Group 17 with a total capacity of 2.103 MW. The total capacity of the mini hydro power plant was 0.394 MW Adilcevaz, 1.216 MW Malazgirt, 0.292 MWVarto-Sonmez and 0.201 MW Ahlat plant, and was located in Bitlis and Mus, Turkey. The plant was transferred under the Transfer of Operating Rights (TOR) scheme for 49 years with no investment obligations to expand or rehabilitate the power plant. Based on this information, the project was classified as a lease contract in the PPI Database. The project was expected to sell electricity produced in the liberalized electricity market in Turkey. In May 2010,Er Bu Insaat won the operating rights of Group 17 mini hydro plant in an open tender held by OIB by offering US$56.08 million in the public auction. The tender of this power plant received 9 bids in total. The tender, which were conducted by competitive bidding, followed the sale of other groups over the past two weeks from the same tender that ended in February. Group 17 was one of the 19 groups comprising of small and medium hydro power plants which OIB tendered to private consortia in February 2010. The 19 groups comprised a total of 52 small and medium size hydro power generation plants which were owned by state-owned power firm Elektrik Uretim A.S. (EUAS) and had a total capacity of 141 MW. A group had between one and five dams and were grouped based on their geographical proximity. The 19 groups were auctioned in by competitive bidding attracting 615 bids. The privatization process of most of the 19 groups concluded in 2011.

High