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Türkiye has held 23 meetings with major international investment funds as it moves ahead with plans to take its state-owned electricity transmission operator public, with preparations for the initial public offering (IPO) targeted for completion by the end of 2026.
TEIAS is responsible for transmitting electricity from power plants to distribution networks across Türkiye. Its duties include operating, maintaining, and expanding the national transmission network, as well as managing electricity flows to ensure a reliable supply.
The meetings involve major investment funds based in the United States, the United Kingdom, Sweden, and Australia, as well as infrastructure funds investing in those markets, as authorities assess international investor interest in Turkish Electricity Transmission Corp. (TEIAS), business-focused ekonomim.com reported.
TEIAS and the Privatization Administration are jointly overseeing the process, which began after a presidential decision brought the company into the privatization program in 2021.
At the time, the Privatization Administration clarified that the sale would take place through an IPO, with the majority stake remaining in public hands and government control continuing. The plan ruled out a block sale of the company to a single person or institution, as well as a transfer of its operating rights.
Legal, technical and IPO advisers appointed for the offering have submitted their reports, according to the justification accompanying Türkiye’s 2027 central government budget proposal.
Authorities have also completed valuation studies to determine the actual value of TEIAS' fixed assets. Following the meetings with international investors, feedback reports were prepared to document their assessments and views on the planned offering.
TEIAS operates 77,657 kilometers of electricity transmission lines and 1,534 high-voltage substations, according to official figures. It also maintains 15 interconnection lines with neighboring countries.
Türkiye's electricity system has operated in synchronous parallel mode with the European Network of Transmission System Operators for Electricity (ENTSO-E) since Sept. 18, 2010, connecting its grid to the wider European electricity system.
The 2027 central government budget justification also outlines plans to transfer operating rights for state-run highways and bridges to private operators.
The planned privatization covers Istanbul's 15 July Martyrs Bridge and Fatih Sultan Mehmet Bridge, as well as major highways, including the Edirne-Istanbul-Ankara, Izmir-Aydin and Izmir-Cesme motorways.
Under a September 2026 presidential decision renewing the privatization framework established by the Privatization High Council in 2010, operating rights for highways, bridges and related infrastructure may be transferred for up to 30 years, with assets offered individually or in packages.
The scope also includes connecting roads, toll facilities and maintenance centers. Ownership will remain with the state, according to the Privatization Administration.
Technical, legal and financial preparations are ongoing, while the final tender structure and valuations remain unsettled. The proposed model would place maintenance and daily operations in private hands.
Türkiye has privatized 278 entities through share or asset sales and transfers since 1986, with public stakes fully removed from 273. Between July 2, 1986, and July 31, 2026, privatization sales and transfers totaled ₺303 billion ($6.1 billion) in nominal value, with ₺236 billion collected.
Sales and transfers reached ₺94 billion in the first seven months of 2026. Collections from this year's transactions totaled ₺31.5 billion, while overall collections, including previous-period installments, approached ₺45 billion.
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