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Turkey electricity, electricity in Turkey, Turkey electric, Turkey electricity market, electricity prices Turkey



Turkey electricity, electricity in Turkey, Turkey electric, Turkey electricity market, electricity prices Turkey 
Can Europe trust Turkey when it comes to energy security ?

Turkey is becoming a major energy hub, with pipelines from Russia and the Caspian basin crisscrossing the country. The two notable projects are the Blue Stream gas line, which brings Russian gas to Turkey, and the Baku-Tbilisi-Ceyhan oil line, which brings Azerbaijan and Kazakhstan’s oil to the Turkish Mediterranean coast and from there on to the world market.

New projects are underway that are impressive in both their volume and their value, and which can strengthen Turkey’s role as a regional energy hub. These include the Nabucco gas pipeline that will connect Europe to the Caspian, the Blue Stream 2 with Russia, and the TGI (Turkey-Greece-Italy) inter-connector. In addition to the pipelines, Turkey is also thinking nuclear. Its first project in this regard is already underway, supported by Russian know-how.

Turkey electricity, electricity in Turkey, Turkey electric, Turkey electricity market, electricity prices Turkey Turkey should improve its current Renewable Energy Law

“Turkey's current renewable energies law could be made better to encourage greater investment and development in renewable energy. The rate of the feed-in tariff should be increased from 0.055 euros to 0.08 euros. Producers sell electricity to wholesale buyers or the government’s power distribution grid operator TEDAŞ in a government-brokered market at around 5.5 euro-cents per kilowatt-hour, This is below the levels at which wind power investments can be justified. It should be at least 7.5 euro-cents” said Emre Alcan, partner of Alcan Law Firm, a consulting firm rendering engineering and consultancy services to domestic and foreign companies willing to invest in energy sector.


Turkey electricity, electricity in Turkey, Turkey electric, Turkey electricity market, electricity prices Turkey Nuclear engineer paints pessimistic portrait of Turkey's energy sector

Turkey’s energy sector requires major revamping to overcome problems of mismanagement, poor legal frameworks and over-reliance on limited energy sources, according to respected nuclear engineer Hasan Saygın.

Turkey’s dependency on other countries to provide energy sources, especially for natural gas, is another area of concern, Saygın said. “Turkey is not the only country with a high dependence on other countries’ energy sources, but it must manage this system properly so that it can benefit the most,” he said, adding that Turkey needs to establish a coherent and sustainable energy policy that is suitable for the country and not linked to politics.


Turkey electricity, electricity in Turkey, Turkey electric, Turkey electricity market, electricity prices Turkey Turkey to meet asset sales goal with power grids


Turkey will reach a target of selling 10.4 billion Turkish Liras ($6.6 billion) of government assets this year even as global economic conditions make the sales more difficult, said Ahmet Aksu, head of the government’s asset sales agency.

Turkey electricity, electricity in Turkey, Turkey electric, Turkey electricity market, electricity prices Turkey Turkey's Borusan Holding invests $450 million

The Borusan Group, one of the leading industry and service groups in Turkey, is preparing to put its three investments in the logistics, steel and energy sectors into service. The company is also planning to establish a new production facility.

According to a recent written statement from the group, the company is launching Borusan Lojistik Gemlik Port, Borusan EnBW Enerji Bandırma Wind Power Plant and Borçelik Third Galvanizing Plant. The company is also preparing to lay the foundations of a new production facility for Borusan Mannesmann Boru, a leading steel pipe manufacturer. With all investments throughout the company’s different sectors, the company will employ 850 people and invest a total of $450 million. Borusan invested $100 million in Borusan Gemlik Port and doubled its capacity.

With EnBW, Borusan Enerji aims to be one of the top 10 players in the Turkish sector within the next 10 years by investing $3 billion in renewable energy.

Turkey electricity, electricity in Turkey, Turkey electric, Turkey electricity market, electricity prices Turkey New partnership from leading energy firms

Akenerji, a leading private electricity generation firm in Turkey, has signed a partnership deal with Polat Enerji to buy the full capacity production of Polat Enerji’s 100 megawatts wind turbines.

The firm aims to create a trade platform in order to realize more purchase activities. The installed capacity of Akenerji will rise to 140 megawatts from 100 megawatts by the year’s end.



Turkey electricity, electricity in Turkey, Turkey electric, Turkey electricity market, electricity prices Turkey Spain willing to invest in wind energy in Turkey

"Spain is very experienced in wind energy, and Spanish companies want to invest in other countries," said Alberto Cena, the technical director of the Spanish Wind Energy Association, or AEE. Cena, who is visiting Istanbul to attend a conference, added that the association wanted to construct wind facilities and carry out new projects in Turkey. The director said he wanted to carry a message to Turkish executives that investment costs in wind energy were lower than they thought.

Spain is the world's fourth biggest producer of wind power, after the United States, Germany and China. Wind energy has reached 20,000 megawatts in Spain today, and Spain meets 14 percent of its electricity demand from wind energy. The largest producer of wind power in Spain at the end of 2009 was Iberdrola, with 25.5 percent of capacity, followed by Acciona on 20.9 percent and NEO Energia with 8.3 percent.

Turkey electricity, electricity in Turkey, Turkey electric, Turkey electricity market, electricity prices Turkey Hydroelectric power plant sales come to an end

The privatization process for 52 hydroelectric power plants belonging to the Electricity Generation Company, or EÜAŞ, which was divided into 19 groups, will be completed on Monday.

The overall revenue achieved so far from the 613 offers to privatize hydroelectric plants comes to $427.2 million. Hydroelectric plant tenders received the highest amount of interest of all privatization tenders. The bidding rounds of tender processes reached a record number with 283 rounds.

Turkey electricity, electricity in Turkey, Turkey electric, Turkey electricity market, electricity prices Turkey Turkish wind-turbine producer aims high

Soyut Wind, the first Turkish wind-turbine producer, has high aims for the future of the sector in the country. Already a global player with export destinations in Africa, the Balkans and the Middle East, the company’s main goal is to stay 100 percent Turkish.

Soyut Wind uses its own technical experts and equity capital in a closed facility of 15,000 square meters, regional sales representative Hakan Karahan said in an interview last week. The company builds wind turbines in the Marmara basin and Central Anatolia, he added

Turkey electricity, electricity in Turkey, Turkey electric, Turkey electricity market, electricity prices Turkey Turkey gets 68 bidders for power grids

Turkey will receive as many as 68 bids for four electricity grids in cities including Istanbul, the asset sales agency said. Enerjisa, the Turkish power utility owned by Austria’s Verbund and Sabancı Holding, is among the companies that registered to bid, the Ankara-based agency said in an e-mailed statement on Friday. Other bidders include Çalık Group, Zorlu Holding, Doğan Holding, Aksa and Ayen Enerji, it said.

Turkey is selling its 20 electricity distribution networks to boost investment in the industry and to meet its target of raising 10.4 billion Turkish Liras ($7 billion) through asset sales this year. The government has raised $2.7 billion since November by selling seven regional grids.


Turkey electricity, electricity in Turkey, Turkey electric, Turkey electricity market, electricity prices Turkey Turkey's Boydak focuses on new investments

Turkish conglomerate Boydak Holding aims to reap 4 billion Turkish Liras in turnover this year, acquiring 11 percent growth.

“2010 is our investment year. We will also enter the energy sector this year,” said Memduh Boydak, the chief executive officer of Boydak Holding, speaking to journalists during a press conference on Tuesday. “We are planning to make $1 billion in energy investments within two years by using 40 percent of our equity,” he said



Turkey electricity, electricity in Turkey, Turkey electric, Turkey electricity market, electricity prices Turkey Turkish energy company offers shares to public

Aksa Energy, a Kazancı Holding company, announced it is ready to launch its first initial public offering, or IPO, at a press conference on Monday.

The company will offer 13.5 percent of its shares to the public, as the stock will be offered to investors on May 13 and May 14. A total of 86 million shares will be sold at a price range of 4.9 liras to 7.2 liras. The nominal value of the shares stands at 86,000 Turkish Liras.

While 70 percent of the shares will be sold to foreign investors, the rest will be offered to domestic buyers.


Turkey electricity, electricity in Turkey, Turkey electric, Turkey electricity market, electricity prices Turkey Turkey Electricity Market

Turkey electricity, electricity in Turkey, Turkey electric, Turkey electricity market, electricity prices Turkey

Turkey has relatively good energy production potential. One estimate places the economically feasible hydroelectric potential at around 29,500 megawatts, which would allow annual production to reach roughly 100,000 gigawatt-hours in years with normal rainfall. Lignite is the second most important potential source of energy, with proven and probable deposits put around 6.4 billion tons. Turkey's proven and estimated petroleum stocks are equivalent to about three years' consumption. Proven reserves are estimated at about 16 million tons, and enhanced oil-recovery techniques may allow extraction of another 30 million tons. Proven reserves of natural gas total about 12.4 billion cubic meters, and reserves of hard coal about 1 billion tons. Turkey's geothermal resources are also considerable. Turkey also has abundant reserves of renewable energy, such as solar, wind.

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