Turkish energy firm Yildizlar SSS Tuesday submitted a $2.075 billion bid to acquire 100% control of state-run electricity distribution company Toroslar Elektrik Dagitim AS.

The result marked the second of three final tenders being held by Turkey 's Privatization Administration, or OIB, for the privatization of state-owned power-distribution grids, including the anatolian side of Istanbul grids and Akdeniz, which operates on the Mediterranean coast. Toroslar operates in the southern cities of Adana , Antep, Mersin , Kilis and Osmaniye.

Turkish energy joint venture MMEKA Makine AS earlier Tuesday registered the highest bid of $1.813 billion to take sole control of an electricity grid in Turkey 's largest city, Istanbul .

Yildizlar SSS, a construction and mining company competed with 13 other companies for the Toroslar grid, which has 2.7 million customers, according to OIB.

Five of the 13 companies were eliminated in the first round. Yildizlar SSS won the tender, which sold operational control of the grid until 2036, after the remaining eight companies, including Turkish energy firm MMEKA and Enerjisa, a partnership between Austrian utility Verbund AG (VER.VI) and an energy company owned by Haci Omer Sabanci Holding AS (SAHOL.IS), withdrew.

The agency will hold the last tender to sell western-Mediterranean power distribution company Akdeniz Elektrik Dagitim AS at 1430 GMT.

OIB said it had received 11 bids for AYEDAS grid and 15 bids for Akdeniz grid.

The Turkish government hopes to encourage privatizations, which slowed last year due to the global financial crisis and lack of investors from developed markets, to help maintain fiscal discipline as well as increase capacity while the economy recovers and domestic demand grows.

A spokesman from Yildizlar SSS told reporters the company's bid in the tender was within their feasibility calculations.
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