VOL. XLIII

No. 37

11-September-2000

TURKEY

Turkeys Energy Ministry Signs Power Distribution Contracts With Private Firms

In a statement made available to the Istanbul Stock Exchange, Turkey's Ministry of Energy has announced that it has signed contracts worth $815mn with five private sector groups giving them the right to distribute power in five different regions. The contracts are subject to private law, which allows the contractors to benefit from international arbitration rights should a legal...