In the privatization tender for the Cayirhan Thermal Power Plant, five companies submitted their bids.

The privatization tender for the Cayirhan Thermal Power Plant is scheduled for Friday. Five companies submitted their bids for the tender. The tender announcement was published in the Official Gazette on September 17, 2024, with the deadline for final bids revised to March 4. REQUIREMENT FOR 2,050 PERSONNEL The Privatization Administration announced yesterday that a minimum of 2,050 personnel must be employed during the privatization for five years. The announcement stated that the tender will be based on the upfront price principle, with no option for deferred payment. “NO ELECTRICITY PURCHASE GUARANTEE” It was mentioned that investors who wish to make deferred payments can pay 20% of the tender amount upfront and make payments over a period of 72 months. For the amount left for the term, an interest rate will be charged based on the average annual change in CPI-W/CCI. Additionally, it was shared that there is no electricity purchase guarantee from the government in the tender.