the Turkish government reforms significant to save energy
Turkey has become one of the fastest growing energy markets in the world, in parallel with its economic growth during the past ten years. It has been awarded the privatization program which has been successfully implemented in the period in question - the distribution of power now in the hands of the entire private sector, while the scheduled completion of the power plants during the next few years - to grant the energy sector in the country's high competitive structure and new prospects for growth.
It was the economic expansion and rising per capita and demographic trends positive income and the accelerated pace of urbanization are the main drivers of energy demand, which is estimated to grow at a rate of 6 percent per year until 2023. projected capacity electrical list currently of 74 GW to reach 120 GW 2023 to meet growing demand in the state, with more investment from the private sector. As part of its efforts to provide sustainable and reliable energy to the consumers, Turkey offers investors attractive incentives such as tariffs and guarantees for the purchase and delivery priorities and exemptions license etc., Depending on the type and capacity of the power plant.
In the last decade, the Turkish government reforms significant to save energy, with the participation of private entities, thus creating a more competitive energy market. The privatization of power generation assets along with a strategy to pave the way for more private investment, led to increase the share of private entities in the electricity generation sector, from 32 percent in 2002 to 75 percent in 2015 and a further step taken by the Turkish government is a competitive energy sector is to increase Create Mercantile Exchange. Once created energy stocks are not only working to strengthen the process of liberalization of the market, but also will contribute to ensuring transparency and help to maintain the proper balance between supply and demand.
In addition to the existence of a huge domestic market, Turkey is situated in a strategic location between the largest number of consumers and suppliers of energy in the world, and thus is considered a regional energy hub. The oil / gas pipelines existing and planned and created the Turkish straits critical and promising discoveries of oil and gas reserves within the country itself gives Turkey an increasing ability to influence energy prices and strengthen its position as a way to pass.
Available opportunities production of renewable forms of energy - hydropower, wind energy, solar energy and geothermal energy and others - in Turkey in abundance, and the encouraging policies backed by low fees to supply is expected to increase in the rate of the local network in the coming years. The Turkish government has placed a top priority to increase the contribution of renewable energy sources in the total outstanding energy size in the country for up to 30 percent by the year 2023, at a time when it is trying to accommodate the concept of energy efficiency through the enactment of laws establishes the principles of energy saving, both at the level of individuals and companies , as well as providing incentives for investments in energy efficiency.
Renewable energy sources in their importance to the Turkish energy strategy and not less in the coming years about the importance of technology in areas such as waste treatment and reduce greenhouse gases that are often remembered with this new format power generation as an important and critical complementary practices. And the attendant environmental conservation by resorting to renewable energy sources, a number of procedures and systems that are either currently in force or effect will start soon and include reducing carbon emissions and increasing the efficiency of the generation / transfer of energy and promote the use of waste management techniques.
It was the sum of these factors had a profound impact on the energy sector in Turkey, which turned it into one of the most attractive investment destinations in the world. In line with the implementation of regulations and controls that are in the interests of the investor and the high increase in demand, the energy sector in Turkey has become more dynamic and competitive, attracting the attention of more investors for each component of the value chain components in all sub-sectors of energy.
The total investment required to meet the expected demand for energy in Turkey by the year 2023 by about $ 110 billion, more than double the total amount invested in the past decade.