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Akdeniz Distribution Grid

Sector: Power Generation (CCGT) • Location: Turkey

Source: World Bank Group

Project
Active

The consortium of Cengiz, Kolin and Limak won the tender of the Akdeniz grid on the Mediterranean.

The consortium won the bid for the Akdeniz grid with an amount of $546 million. The tender was held based on highest price paid. The Akdeniz grid services 1.5 million customers. The tenders were approved by the Board of Privatization in March 2013.

The consortium reached financial closure in May

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The project “Akdeniz Distribution Grid” is an infrastructure initiative in the Power Generation (CCGT) sector, located in Turkey. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The consortium of Cengiz, Kolin and Limak won the tender of the Akdeniz grid on the Mediterranean. The consortium won the bid for the Akdeniz grid with an amount of $546 million. The tender was held based on highest price paid. The Akdeniz grid services 1.5 million customers. The tenders were approved by the Board of Privatization in March 2013. The consortium reached financial closure in May 2013 in the amount of $2.5 billion, together with the Bogazici power grid. The lenders were seven Turkish banks, including: Isbank, Garanti Bank, Yapi Kredi, Halkbank, Deniz Bank, Vakifbank and Ziraat. The loan had a tenor of 12 years.

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