Argus reported that the privatization of 4 electricity distribution grids in Turkey has attracted 39 bids including two from JV of Austrian utility Verbund.

Enerjisa, a JV between Verbund and Turkey's Sabanci Holding bid for the Bogazici distribution grid, which includes part of Istanbul and for the Gediz distribution grid in the Izmir province. The other 2 grids on offer are the Trakya grid in Erdine province and the Tigris grid in Diyarbakir.

According to the International Energy Agency's review of the Turkish energy markets, Turkish distribution companies suffer high levels of transmission losses and power theft, although this declined from 25% in 2002 to 14% last year. Distribution companies are the monopoly suppliers in their region to customers not yet eligible to switch suppliers, such as households.

The Turkish government is liberalizing the power market and plans to privatize much of its infrastructure. Czech state owned utility Cez purchased a Turkish distribution grid last year, through its JV AkCez, while other companies such as Germany's EnBW and RWE and Norway's Statkraft are investing in new power plants.

(Sourced from Argusmedia.com)