ERG Construction Trade and Industry Company won the tender for the privatization of a hydropower plant in Malatya in the eastern Anatolian region of Turkey with an installed capacity of 12.5 megawatts, Turkey's privatization administration announced Friday in Ankara.
The company won the tender for the Tohma hydropower plant with a final bid offer of nearly 57.5 million Turkish liras.
A minimum bid offer limit was set at 100,000 liras and the opening bid started at 54.57 million liras.
In total, ten companies participated in the tender.
US$1 equals 4.19 liras, according to Turkey's Central Bank data.
By Murat Temizer