SDIF announces tender for energy companies

The Savings Deposit Insurance Fund offered for sale 100% of the shares of RHG Enertürk Energy Production and Trade Inc., Sibelres Electricity Production Inc., Muradiye Electricity Production Inc., Gün Güneş Energy Electricity Production Industry and Trade Inc., Betim Energy Investment Production and Trade Inc., which are distinguished by strong investments in the areas of renewable energy and e-mobility, through an open tender method, using a combined closed tender and open auction method, under the conditions specified in the “Specification”.

The management of the companies in question was transferred to a trustee in 2016 as part of the FETÖ/PDY investigation, and their ownership was transferred to the State Treasury after the Supreme Court of Appeal approved the confiscation decision issued by the High Criminal Court. RHG Enertürk Enerji, which gained fame for its investments in the management of an electric vehicle charging network, is up for sale along with seven hydroelectric power plants (HES) in different provinces and a wind farm (RES) in the Silivri district of Istanbul.

The estimated cost of RHG Enertürk Energy with a total installed capacity of 221.73 MWm was announced as 6,200,000,000 TL (sixty billion two hundred million Turkish liras). The estimated cost of Gün Güneş Energy, which has one of Turkey’s largest solar power plants (SPP) with a single-axis sun tracking system located in Tuşba District of Van Province and a solar power plant in Akseki District of Antalya Province with a total installed capacity of 88.54 MWm, is 2,000,000,000 TL (two billion Turkish liras). The tender schedule was also announced for Sibelres Elektrik with a wind power plant with a total installed capacity of 87.65 MWm on the Izmir-Manisa line at an estimated cost of TL 2,700,000,000 (two billion seven hundred million Turkish liras), Muradiye Elektrik with hydroelectric power plants in Muradiye District in Van Province with an installed capacity of 42.30 MWm, and Betim Enerji with a wind power plant in Silivri District in Istanbul Province with an installed capacity of 100.80 MWm.

While the minimum price of Muradiye Elektrik was announced as 2,100,000,000 TL (two billion one hundred million Turkish liras), the minimum price of Betim Enerji was announced as 2,600,000,000 TL (two billion six hundred million Turkish liras). Investors who meet the conditions set out in the sale announcement will be able to obtain tender specifications at “TMSF Affiliates and Real Estates Department, Büyükdere Cad. No:143 Esentepe 34394 Şişli/İstanbul” and visit the relevant power plants on the specified dates and access detailed information about the companies from the information room that will be made available electronically.

Sealed bid envelopes prepared in accordance with the tender specifications must be delivered in person to “TMSF Affiliates and Real Estates Department, Büyükdere Cad. No: 143 Esentepe 34394 Şişli/İstanbul” by the given deadline.

The bids submitted in sealed envelopes will be opened in the presence of the investors submitting the bid at a meeting to be held at the Savings Deposit Insurance Fund on the day of the auction. The bids will be evaluated by the Bid Committee, after which the auction will begin, during which the open bid will be announced.

The tenders for the sale of renewable energy companies are starting an important process that will shape Turkey’s economic dynamics.

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