Electricity in Turkey
Turkey Electricity Market
Motivators for investing in energy in Turkey are the following:
Turkish economy is growing,
Turkey`s location is strategic and convienent for pipeline projects, transit ports, docklands and shipping businesses,
Small scale renewable energy and nuclear energy generation businesses is almost untouched,
Distribution and distribution control technologies is going to be a very active area after privatization will be realized in the distribution side.
There is almost a 120 billion dollars of commercial stock for inter-industry enterprises. A total of 51 thousand MW new capacity investments have to be added to the system. The 7,385 MW of newly licensed projects which are being built are not included in this figure. State Planning Organisation`s recent prediction that there will be an imbalance between supply and demand in electricity in 2008 and urgent investment is needed and the public sector cannot do any more investments unless security of supply is in serious jeopardy.
Turkey`s fast growing demand for energy especially in electricity which grew by 6.6% between 1995 and 2004 and is growing by 8,4 % since 2005 and seems like to grow like that until 2015.
Actual electricity consumption was 171 billion kWh in 2006. It will reach 500 TWH in the year 2020. The installed capacity is 40.000MW in 2006. It will have to be 96,000 MW by 2020 inorder to generate as much to meet the demand.
In terms of installed capacity and consumption. Turkey`s figures are more than the average of Europe. But Turkish per capita electricity consumption level is a signifier of the fact that there will be much room for investment in the electricity sector in the coming years.
Our capabilities include:
ALCAN is a full size law firm established in Turkey with exceptionally talented legal team and technical consultants in Energy field. Our strengths based on the knowledge of specific country information, legal systems, permitting / licensing, land management and utility market conditions.
Advice on laws and regulations, from a Turkish law perspective
Drafting, reviewing, negotiating and finalizing agreements and documents related to energy and power matters from a legal perspective
Providing legal assistance and advice on various legal matters
Project support agreements
Energy taxes and credits
Mergers and acquisitions
Tradable credits and certificates