April 12 2010-Important Statements by State Minister and Deputy Prime Minister Babacan


Passenger number awaited to be re-studied



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Passenger number awaited to be re-studied

Meanwhile, along with the revision on the feasibility survey of new Başkentray High Speed Train Project, defining the future number of passengers clearly will be of importance for the project. The sources close to the subject report that the project will be designed on the basis of the future passenger capacity of the Project, for this reason, the future passenger capacities should be based on concrete reasons.

As is known, we earlier reported that the future passenger capacity of capital Ankara could be taken as 80 million per annum on the basis of the former transportation plans of TCDD. When surveys conducted towards the number of Passengers, the number of passengers travel with commuter system in capital Ankara.

The same sources further report that it seem improbable to reach such number of passengers even when the current number of passengers and future highest demand projections are considered. Thus, the railway passenger demand comes out to be a matter to be re-considered. The major values in the feasibility survey such a the repayment period and feasibility of the project will be understood when the passenger number is taken into account.



In Başkentray Project investment program, Kayaş-Ankara and Ankara-Sincan sections are included

New Başkentray High Speed Train Project planned to be constructed by TCDD General Directorate for High Speed Train Lines is included in 2010 investment program as total 36 km, as Kayaş-Ankara (12 km), Ankara-Sincan (24 km) sections.

SPO Undersecretariat has already approved the project to be included in 2010 investment program conditionally and the in footnote. It is stated that 2010 allocations can only be made available when the requested revisions are accepted to be made in the feasibility survey. In TCDD’s 2010 investment program, expenditure allocations of TL 21.6 million is made for Kayaş-Ankara section of the project and TL 27.9 million for Ankara-Sincan section.

In New Başkentray High Speed Train Project, it is envisaged to construct 6 new lines between Ankara-Behiçbey and 5 individual lines between Behiçbey-Sincan.



April 12 2010-TCDD’s Ankara-İstanbul High-Speed Train Project (3rd Stage)

Applications for prequalification will be received on May 3, 2010 for tender launched by CFCU for supervision services towards rehabilitation & reconstruction of Köseköy-Gebze 3rd Stage

INTERNATIONAL tender to be launched by Central Finance & Contracts Unit (CFCU) were announced for supervision services towards the rehabilitation and reconstruction of Köseköy-Gebze section of Ankara-İstanbul High-Speed Train Project which we have been covering as the most important railway investment of the General Directorate of Turkish State Railways Company (TCDD). The deadline for prequalification applications were announced on the website of CFCU in the days past.

On website, it is announced that interested companies are expected to apply for prequalification no later than May 3, 2010 at 17:00, with the necessary documents which are prepared in English, at the address “Eskişehir Yolu 4.km 2.Cad. (Halkbank Kampüsü) No:63 C-Blok, Söğütözü Ankara”. It is noted that CFCU Chairman Muhsin Altun is to be called for more information through the number 0312 295 49 00.

Scope of the tender

The contract winner will assume the supervision services for the rehabilitation and reconstruction of Köseköy-Gebze section of Ankara-İstanbul High-Speed Train Project. For the project which will be implemented as per FDIC conditions, the works to be done by the consultant for the supervision contract includes; design-built electromechanical works, design review, supervision services in full compliance with the terms and conditions of the works contract documents including drawings, technical specifications, etc., consultancy to the contracting authority regarding the contract management, supervision and approval of tasks during the taking over/final acceptance and provision of technical assistance and consultancy to the contracting authority and end recipient for proper implementation of the works.



The approximate cost for the tender is Euro 6.5 million

Regarding the tender, CFCU set the approximate cost of the supervision services as Euro 6.5 million. Since Ankara-İstanbul High Speed Train Project is among the most important railway projects in Turkey, experienced international companies are expected to participate in the tender. On the basis of the applications received, at least 4 and at most 8 candidates will be invited to submit offer to the supervision services tender. In case the number of eligible candidates meeting the selection criteria is less than the minimum of 4, the contracting authority may invite the candidates who satisfy the criteria to submit offer.

All eligible real and legal entities or grouping of such persons and consortia may apply for prequalification. All members of a consortium are jointly and severally liable to the contracting authority.

The Project

As known, recently we reported that the financing agreement for Ankara-İstanbul High-Speed Train Project-Köseköy-Gebze Section Rehabilitation & Restructuring Project, had been signed on March 17, 2010 between the Ministry of Transportation and the EU Turkey Delegation at TCDD Ankara Railway Station. The Transportation Minister Binali Yıldırım said that the financing agreement signed for Köseköy-Gebze stage was very important for Turkey’s negotiation process with the EU, and that the EU has extended support from the Instrument for Pre-Accession Assistance (IPA) of the EU for Ankara-İstanbul High-Speed Train Project, undertaking to finance 85% of the construction works of Köseköy-Gebze stage (TEBANEWS#1453/March 22, 2010).





April 12 2010-EÜAŞ’s Project for the Rehabilitation of Electro-filters in Yatağan Thermal Power Plant

Work on the specifications has been completed for the tender towards the rehabilitation of the electro-filoters in the 1., 2. and 3. units of the power plant

WORK continues intensively on the rehabilitation tenders towards the electro-filters to be carried out in the thermal power plants of Electricity Generation Corp. (EÜAŞ).

According to TEBA information, joint work on the specifications conducted for this rehabilitation tender has been completed with the participation of YEAŞ General Directorate recently.

Relevant sources note that the specifications will be forwarded to EÜAŞ Material Management and Trade Department, to be finalized and thereafter, authority clearance will be obtained to announce the tender in April as planned. Furthermore, it is reported that nearly a 45-day grace period will be given to the companies to prepare their bids.

As might be recalled, we informed you earlier that work on the tender specifications had continued on the tenders for the electro-filters in the 1., 2. and 3. units of Yatağan Thermal Power Plant and of the 1., and 2. units of Çatalağzı Thermal Power Plant (TEBANEWS#1451/March 8, 2010).

2010 allocation of the tender is TL 15 million

It is reported that total investment cost of the tender has been calculated in the amount of TL 35 million as it appears in the 2010 Investment Program, and the allocation for the year 2010 is TL 15 million.



April 12 2010-TCDD’s Ankara-İstanbul High-Speed Train Project

İneco+UBM Joint-Venture ranks first in the evaluation report for the tender towards Consultancy and Supervision services covering the 2nd stage works of İnönü-Köseköy-Gebze section. The subject report has been presented to EIB

IT HAS BEEN learned that the evaluation report has been presented to European Investment Bank (EIB) to be examined for the tender of Turkish State Railways Administration (TCDD) in connection with the Consultancy and Supervision services covering the 2nd stage works of İnönü-Gebze section of Ankara-İstanbul High-Speed Train Project.

According to TEBA information, in the international EIB funded tender, whose financial bids were opened on February 11, 2010, evaluation work has been completed in the days past. In the evaluation report, İneco+UBM JV ranks first, with its lowest bid of Euro 6.4 million, which has been regarded appropriate by the Administration.

Source close to the subject note that the evaluation report prepared by the Commission has been submitted to EIB to be approved. After the approval, the tender result will have been finalized.



Bids offered to the tender

Seven (7) company-joint ventures offered bids to the tender and they were invited to the opening of the financial bids which varied between Euro 6.4-13.2 million. Apart from İneco-UBM JV, the following also offered bids to the tender: Getinsa Ingenieria-Auxitec-Botek, Bernard-Pöyry-IC Consult-Denge, Altınok-İdomTransurbTecnirail, Eptisa-Ardanuy Fichtner-Eptisa Türk-Su-Yapı Fichtner Türk, Mescioğlu-Italfer and SWS-Penta-Pegaso (TEBANEWS#1448/February 15, 2010).



April 12 2010-Total Debt Stock of the Central Administration was Realized as TL 452.6 Billion in February 2010

In February 2010, Central Administration’s internal debt stock was realized as TL 339.4 billion, external debt stock was realized as TL 113.2 billion

February 2010 Central Administration’s debt stock data were announced by Undersecretariat of Treasury in the first week of April.

Accordingly, total debt stock of the Central Administration reached TL 452 billion 662 million in February 2010. It is observed that the total debt stock, which was TL 441 billion 507 million by the end of 2009 increased approximately TL 11 billion within two months.

In this period, TL 325 billion 234 million of the total debt stock was realized in TL currency and amount corresponding to 127 billion 429 million TL was foreign currency.

Central Administration’s internal debt stock in February 2010 amounted to the same, as was realized as TL 339 billion 434 million, external debt stock reached as TL 113 billion 228 million. In this period, it is observed that internal debt stock increased around TL 9 billion and external debt stock increased around TL 2 billion when compared to the end of 2009.

Public Net Debt Stock

Undersecretariat of Treasury also announced the public net debt stock data of 2009-year end. Accordingly, as of the end of 2009, public net debt stock increased to TL 309 billion 740 million. During this period, the ratio of public net debt stock to Gross National Product (GNP) was 32.5 %.

It is observed that public debt stock which was TL 267 billion 990 million by the end of 2008 increased TL 41 billion 750 million within one year period. In 2008, the ratio of public net debt stock to Gross National Product (GNP) appeared at the rate of 28 %.

While internal debt amount within total public debt stock was TL 347 billion 192 million by the end of 2009, the amount of external debt stock was TL 118 billion 325 million. In internal debts TL 330 billion was recorded as Central Administration’s debt and TL 17 billion was formed by other public debts. In external debts, Central Administration’s debt was recorded as TL 111.5 billion and TL 6.8 billion was formed by other public debts.

As of the end of 2009, net internal public debt stock reached TL 284 billion. This figure was TL 248.3 billion by the end of 2008. Accordingly, net internal public debt stock increased TL 35.7 billion within one year. Net external foreign debt stock was realized as TL 25.8 billion by the end of 2009. This figure was TL 19.6 billion by the end of 2008. Accordingly, net external public debt stock increased TL 6.2 billion.

April 12 2010-Electricity Generation and Consumption Figures Increased by 6.7% in March 2010 Compared to the Last Year

Electricity consumption in March 2010 increased by 6.7 % and realized as 17 billion 27 million kWh. During the first three months of 2010, 5 % increase in electricity consumption occurred and electricity consumption was recorded as 50 billion 141 million kWh. In March 2010, electricity consumption was realized as 17 billion 68 million kWh with an increase of 6.7%

ELECTRICITY consumption figures, displaying significant change due to reflection of the global economic crisis on industrial production, continued the tendency to increase in March 2010 as it was the trend during the recent moths.

In accordance with the monthly Operational Activity Reports of Turkish Electricity Transmission Inc. (TEİAŞ), electricity consumption which was 15 billion 953 million kWh in March 2009 was realized as17 billion 27 million kWh in March 2010 with an increase of 6.7%. While planned consumption figure in March 2010 was 19 billion 841 million kWh, Turkish electricity consumption provided 85 % realization in accordance with the program.

Foreign sale amount of Turkey in March 2010 was realized as 122 GHz; 24.7 GHz of this amount was sold to Syria, 97.4 GHz to Iraq. Therefore, it was determined that an increase of 17.7% was recorded in foreign sale ratio in March 2010 compared to the same month of last year.

When quarterly electricity consumption figures in 2010 are examined, it is observed that electricity consumption of 50 billion 141 million kWh was realized in Turkey’s total electricity consumption within the first three months and an increase of 5% occurred compared to the year 2009 when the consumption for the first three months was 47 million 764 million kWh.

Electricity generation figures increased by 6.7% in March

Furthermore, in accordance with TEİAŞ report, 2010 March electricity generation was realized as 17 billion 68 million kWh with an increase of 6.7%. While it was set that electricity generation of 15 billion 997 million kWh was realized in the same month of the previous year, it was observed that 85% realization occurred in 2010 March program which was 20 billion 91 million kWh. Total electricity purchase of 81.6 million kWh from Iran, Georgia and Azerbaijan was realized in March 2010.

On the basis of the quarterly figures, electricity generation, which was 47 billion 887 million kWh during the first three months of 2009, was recorded as 50 billion 314 million kWh with an increase of 5.1%. The generation program for the first three months of 2010 was 59 billion 552 million kWh, it is reported that realization of 84.5% was provided.

When generation figures are examined, it is observed that EÜAŞ, realizing generation of 6 billion kWh in the same month of the previous year, recorded an increase of 98%, and that as EÜAŞ’s subsidiaries recorded generation of 1 billion 57 million kWh with decrease of 42.9% compared to the same month of the previous year. Moreover, in March, Transfer of Operating Right plants (TOR) recorded generation of 391 million kWh with a decrease of 1.6%, Build Operate Plants (BO) recorded generation of 3 billion 975 million kWh with a decrease of 27.5%, Build-Operate-Transfer (BOT) plants recorded electricity generation of 1.211 million kWh with an increase of 0.4%, free generation companies recorded generation of 2 billion 781 million kWh with an increase of 2%, auto producers recorded electricity generation of 1 billion 60 million kWh with decrease of 15%.



April 12 2010-DSİ’s Multiple HEPP Projects (I)

Water Usage Right meetings will be held on 27th, 28th and 29th of April for the 6 HEPP Projects which are included in the multiple HEPP group of April 2010

State Hydraulic Works (DSİ) General Directorate received the authority approval in order to hold Water Usage Right meetings in April for the 6 of the Hydroelectric Power Plant (HEPP) projects which private sector are recently interested in.

According to the information obtained by TEBA, DSI which held the last Water Usage Right meeting for Yiğit HEPP project on February 25, 2010 will arrange that kind of meetings on for 6 ea HEPP projects in April. It is noted that Water Use Right meetings will be held in the last week of April and that companies will submit their bids on 27th, 28th and 29th of April for these 6 multiple HEPP projects.

The above-mentioned 6 HEPPs have a total installed capacity of 29,5 MW and the HEPP project of Köprüçay Enerji Grubu attracts the most attention with its highest installed capacity among the HEPPs. The 6 HEPPs have a total generation capacity of 102 million kWh.

Detailed information on the 6 HEPPS is given in the table below.

HEPP

Province

Installed capacity (MW)

Average Generation (kWh)

Date of the Meeting

Hour of the Meeting

Esendurak II HEPP

Erzurum

1,96

7.350.000

27.04.2010

09:30

Hasanabdal Reg. and HEPP

Van

2,37

9.920.000

27.04.2010

11:00

Aydın Reg. and HEPP

Artvin

1,50

5.150.000

28.04.2010

09:30

Kılcan Reg. and HEPP

Muğla

0,89

4.300.000

28.04.2010

11:00

Köprüçay Enerji Group

Isparta

21,61

70.100.000

29.04.2010

09:30

Sorgun Reg. and HEPP

Bilecik

1,16

5.460.000

29.04.2010

11:00

As it might be remembered, recently we reported that the Water Use Right meeting would be held for (another) 6 HEPPs in February and there would be the meetings on 23rd, 24th and 25th of February (TEBANEWS#1447/ 8 February 2010).

Nearly 30 companies applied for the HEPPS

According to the inquiry made by TEBA, DSİ were applied by nearly 30 companies for the 6 HEPPS and among those HEPPS, Köprüçay Enerji Grubu has been the project which was mostly applied for. 4 applications were made for each of Esendurak II HEPP and Hasanabdal Reg. and HEPP; 3 applications were made for Aydın Reg. And HEPP and 5 companies were applied for Kılcan Reg. And HEPP.

6 applications were made to DSI for the Köprüçay HEPP which is expected to have an average annual generation amount of 70 million kWh. These are the companies who applied for the Köprüçay HEPP: Çatalkaya Enerji, Selge Enerji , Dedegöl Enerji, Permak Enerji, Ded Enerji and Aydaş Enerji. As known, Köprüçay Enerji Grubu Project includes two different HEPP projects of Başak Dam and HEPP and Bora Reg. And HEPP.

Since all of the applicant companies are expected to submit bids, a competitive climate is envisaged for the meetings.



April 12 2010-TÜİK Announces March Inflation Rates

In March 2010, CPI increased by 0.58% and PPI by 1.94%. As of March, CPI has risen at the rate of 9.56% and PPI at the rate of 8.58%

STATE Statistical Institute (TÜİK) announced March 2010 Consumer Prices Index (CPI) and Producer Prices Index (PPI) on 5 April 2010.

According to TÜİK information, in March CPI increased by 0.58% and PPI by 1.94% in March. Three-month inflation became 3.93% in CPI and 4.24% in PPI. In March, annual inflation rose at the rate of 9.56% in CPI and 8.58% in PPI. In the same month of the previous year, it appeared as 7.89% in CPI and as 3.46% in PPI. Hence, in March, annual inflation realized over 1.67 points in CPI and over 5.12 points in CPI. By 12 month averages, annual inflation became 6.53% in CPI and 1.63% in PPI.

As might be recalled, in February, CPI increased by 1.45% and PPI by 1.66% and the annual inflation rose to 2-digit figures for the first time for years and it showed an increase of 10.13% in CPI and of 6.82% (TEBA: 1451/8 March 2010).



As of the main spending groups, the highest rate of increase is seen in the Communication Group at the rate of 3.14% compared to the previous month

On the other hand, as of the main spending groups, the highest rate of increase took place in CPI in the Communication Group at the rate of 3.14% compared to the previous month. In March, an increased was observed in the following: at restaurants and hotels 0.98%, at transportation 0.73%, at various commodities and services 0.70%, at clothing and shoes 0.69%, at entertainment and culture 0.69%, at food and non-alcoholic drinks 0.62%, at education 0.36%, at housing 0.20%, at health 0.04%, at alcoholic drinks and tobacco 0.01%. At household good a drop was experienced at the rate of –0.45%.

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