Turkey announces tender for remaining 20 pct stake in Ankara gas grid

Turkey on Tuesday announced a tender to privatize remaining 20 percent of Ankara's Baskent gas grid.

The bidding deadline is April 21 and the amount of bid bond is 15 million USD, Ankara's Metropolitan Municipality said.

Last year in August, private venture MEKA MMEKA submitted the highest bid of 1.2 billion USD for an 80 percent stake in Baskent Dogalgaz, Turkey's second largest natural gas distribution grid.

Remaining 20 percent of the gas grid will be privatized in an auction with participation of highest bidders in a closed bidding, the municipality said.

The company, operating a grid of 8,300 kilometers, distributes more than 2 billion cubic metres of gas to 1.2 million homes every year.


/World Bulletin/