Turkey's Elsan Elektrik Places Top Bid of $1.1 Billion for Power Plant

Posted by Michelle Howard June 12, 2014

Turkey's Elsan Elektrik placed a top bid of $1.09 billion in a government tender to privatise a coal-fired power plant with 630 megawatts of installed capacity.

The Privatisation Administration's sale of the state-operated Yatagan power plant in southwestern Turkey is part of a wider power-market liberalisation aimed at boosting investment.

(Reporting by Ozge Ozbilgin; Writing by Ayla Jean Yackley; Editing by Nick Tattersall)

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Turkey's Elsan Elektrik Places Top Bid of $1.1 Billion for Power Plant

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