“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.
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 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's Borusan Holding invests $450 million