Koç unit bids in power plant tender

ISTANBUL

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. 

The operating rights cover a period of 49 years in accordance with the provisions of Law No. 4046 regarding the implementations of privatization, it added.

The Menzelet and Kılavuzlu power plants have a 178 megawatt installed power. 

Established in 1961, Aygaz is operating in all LPG processes, including procurement, storage and filling, as well as production and the sale of LPG-operated devices.

Aygaz currently provides its services in 81 cities with almost 4,000 cylindergas dealers and autogas stations, according to the company’s website.