Turkish electricity distribution companies can initiate their own tenders for the purchase and sale of goods and services, Turkish Official Gazette said on Wednesday.
Turkish private electricity distribution companies, which are tariffed by Turkish Energy Market Regulatory Authority (EMRA), have been given the right through EMRA'S new legislation to hold their own tenders for their electricity requirements and investments.
EMRA determined that the maximum amount of one tender transaction is 20 million Turkish lira ($6.8 million), while any transaction under 100,000 Turkish lira ($34000) is not subject to EMRA's tender rules.
Turkey is geographically divided into 21 electricity distribution regions. The country completed a privatization process for the provision of electricity in the amount of $16 billion for all regions in 2013. Transmission activities are still provided by state-owned TEIAS.
Turkey's energy watchdog, EMRA, sets the tarifs for all distribution companies.
By Muhsin Baris Tiryakioglu