Turkey’s largest regional power distribution company, Bogaziçi Electricity Distribution (BEDAS), has been sold to a consortium of three construction companies – Cengiz-Kolin-Limak Ortak Girisim Grubu – for $1.96 billion, the Financial Times reported on Sunday.
The deal is a positive signal Turkey is moving forward with the planned liberalisation of its energy sector – a key condition if the country wants to achieve its ambition of becoming a regional oil and gas transit hub.
BEDAS, which has a 30-year licence to operate the state-owned distribution grid in...
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