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Electricity Privatizations of 2010 and Competition
Board’s Approvals
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The document on Electric Energy Sector Reform and Privatization
Strategy drafted by the State Planning Organization in 2004 regulated
the harmonization of the electric energy sector with the European Union
Legislation on the one hand, and the privatization of electric energy
production and distribution companies by restructuring publicly held
electricity enterprises, on the other hand.Within the scope of this regulation,
the privatization of 100% of the shares of Türkiye Elektrik Dağıtım
A.Ş. (hereinafter referred to as “TEDAŞ”) in Boğaziçi Elektrik Dağıtım
A.Ş. (hereinafter referred to as “BEDAŞ”), Dicle Elektrik Dağıtım A.Ş.
(hereinafter referred to as “Dicle Elektrik”), Gediz Elektrik Dağıtım A.Ş.
(hereinafter referred to as “Gediz Elektrik”) and Trakya Elektrik Dağıtım
A.Ş. (hereinafter referred to as “Trakya Elektrik”) is without any doubt
among the most important privatizations completed in 2010.
As can be remembered, several companies and joint ventures took part
in these privatizations. The privatization process was contentious.
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The Role of the Competition Board on the Privatization Process
Concerning Mergers and Acquisitions via Privatization, there is a two-
stage notification to the Competition Board. The aforesaid notifications
are regulated under the Communiqué No. 1998/4 on the Procedures
and Principles to be Pursued in Pre-Notifications and Authorization
Applications to be Filed with the Competition Authority in order for
Acquisitions via Privatization to Become Legally Valid (hereinafter
referred to as the “Privatization Communiqué”).
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Article of December 2010 – Prof. Dr. H. Ercüment Erdem
1 Cengiz Elektrik, Kolin İnşaat, Park Holding, Limak İnşaat, Enerjisa, Eti Gümüş-Söğütsen OG,
İş-Kaya-MMEKA OG, KCETAŞ-AYEN OG, Aksa Elektrik, IC İçtaş took part in Boğaziçi
Elektrik tender; and Karavil-Ceylan OG, Cengiz Elektrik, Kolin İnşaat, Çalık Enerji, Limak
İnşaat, Eti Gümüş-Söğütsen OG, İş-Kaya-MMEKA-Rosse OG, Aksa Elektrik and IC İçtaş
took part in Dicle Elektrik tender. Park Holding, Cengiz Elektrik, Kolin İnşaat, Limak İnşa-
at, Enerjisa Eti Gümüş-Söğütsen OG, İş-Kaya-MMEKA OG, KCETAŞ-AYEN-REL-PETCO
OG, Aksa Elektrik ile IC İçtaş took part in Gediz Elektrik tender; and Park Holding, Cen-
giz Elektrik, Kolin İnşaat, Limak İnşaat, Eti Gümüş-Söğütsen OG, İş-Kaya-MMEKA OG,
KCETAŞ-AYEN-REL-PETCO OG, Aksa Elektrik, IC İçtaş and Palmet Enerji took part in
Trakya Elektrik tender.