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Post Tender Process:

It is critical to note that the winning partici-

pant does not automatically qualify for a pre-license by the EMRA. It

is therefore required from the TEİAŞ and the winning participant to

take the following actions prior to the granting of the pre-license by the

EMRA:

• The results of the tender shall be submitted by the TEİAŞ to the

EMRA, including the official opinion received from TEİAŞ

concerning the connection to the grid;

• The TEİAŞ shall inform the EMRA of the companies that did

not participate in the tender and those participants that were

disqualified due to incomplete documentation, as well as the

highest Contribution Fee offered;

• The letter of guarantee of the tender participants that were not

granted pre-licenses shall be duly returned to the disqualified

participants;

• The letter of guarantee of the winning participant shall be

returned to the winning participant in the event thatthe pre-

license is rejected by EMRA due to force majeure or other rea-

sons deemed acceptable by EMRA. The letter of guarantee

shall be recorded as revenue once the winning participant fails

to fulfill its obligations under the Tender Regulations and/or

fails to execute the Contribution Agreement.

Contribution Fee Agreement

Following the official announcement of the results of the tender

and within 15 days of the receipt of the result of the tender by the win-

ning participant, the winning participant shall apply to the TEİAŞ to

execute the Contribution Agreement in the form attached to the

Invitation Letter.

The total contribution fee is calculated by multiplying the installed

capacity with the Contribution Fee proposed by each unit’s MW. The

total Contribution Fee may be paid in installments over a maximum

period of three years.

The letter of guarantee submitted by the winning participant for

the tender process shall be replaced by the winning participant with an

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NEWSLETTER 2015