Aygaz
Koç unit bids in power plant tender
Turkish LPG distribution company Aygaz said on Sept. 12 its Entek Elektrik Üretim unit, jointly owned with parent Koc Holding, has bid in a tender to operate two hydroelectric power stations.
A previous privatization tender in 2016 for the two power plants, Menzelet and Kılavuzlu, had been canceled, Aygaz said in a statement to the Istanbul stock exchange.
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Koç Holding names Ömer Koç new chairman until next general meeting
Ömer Koç, the vice president of the executive board at Koç Holding, has been named the new chairman of the conglomerate, more than a month after the passing of his brother Mustafa Koç from a sudden heart attack.
Tüpra? agrees to pay 55 mln liras in tax demands, fines
Tüpra?, Turkey?s sole oil refiner, said it has reached an agreement with authorities to pay a sum of 55 million Turkish Liras ($22 million), after negotiating on tax demands and related fines totaling 160 million liras.
?A negotiation was held with the Central Reconcilement Commission,? the company said by a written statement to the Public Disclosure Platform (KAP).
Privatization: Who will run Istanbul’s gas grid?
The coming tender to privatize the distribution of Istanbulâs gas to its 5.1 million customers should not be seen as a simple commercial transaction of âwhoever pays the most in the bidding round will win the contract.â
It is rather strategic for many reasons affecting Turkeyâs energy security, investment climate, environmental quality and trading ties.
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‘Gazprom, Marubeni, Turkish firms eye Istanbul gas grid sale’
Turkey will start the sale of Istanbulâs Ä°GDAÅ gas grid this month, with Russiaâs Gazprom, Japanâs Marubeni Corp and Turkeyâs Enerya and Aygaz among the interested bidders, sources close to the process have said.