DOCSLIB.ORG

Energy Market in Turkey

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Energy Market in Turkey REPUBLIC OF TURKEY PRIME MINISTRY Investment Support and Promotion Agency of Turkey ISPAT Energy Market in Turkey May 2014 Investment Support and Promotion Agency of Turkey Agenda ISPAT – Investment Support and Promotion Agency of Turkey Investment Climate of Turkey Vision 2023 – Energy Turkish Energy Market Electricity Generation Opportunities and Incentives Liberalization of the Natural Gas Market Investment Support and Promotion Agency of Turkey ISPAT - Investment Support and Promotion Agency Attached to the Office of the Prime Minister and reports directly to the PM Established in 2007 2 offices: Ankara and Istanbul International representatives in 17 countries (including Spain) Private Sector Approach Guidance on Laws, Regulations, Site Selection, Sectoral Reports, Local Market Players, Potential Partners Confidential, Free of Charge ANKARA ISTANBUL Investment Support and Promotion Agency of Turkey 2023 Vision One of the top 10 economies in the world GDP: $2 trillion, GDP per capita: $25,076 Population: 82 million Exports: $500 billion Single-digit inflation and interest rates Investment Support and Promotion Agency of Turkey Investment Climate in Turkey UNCTAD International Corporations top economies 2013-2015 National Treatment Guarantee of Transfers International Arbitration CIT from 33% to 20% Freedom to Invest Access to Real Estate Employment of Expats New Commercial Code Source: UNCTAD, based on 159 company responses Investment Support and Promotion Agency of Turkey Turkish Energy Market – International ladscape Over $100B investment needed by 2023 Many international companies active in the sector $5-8B of investment made every year $6B M&A Deal value in 2013 $5.7B from privatizations $13B Total FDI in 2013 $2.5B FDI for electricity $4.2B Total FDI in 2014 Q1 $1.3B FDI for electricity Source: PWC, Central Bank of the Republic of Turkey Investment Support and Promotion Agency of Turkey 2023 Vision and Targets - Energy GENERATION & TRANSMISSION • 125,000 MW installed generation capacity & 60,717 km transmission lines NUCLEAR • 8 nuclear reactors with 10,000 MW operational • 4 nuclear reactors with 5,000 MW under construction NATURAL GAS • 5 bcm natural gas storage capacity COAL • Construct power plants with 18,500 MW RENEWABLES • Full utilization of hydro power • 20,000 MW installed wind capacity • 3,000 MW installed solar capacity • 600 MW installed geothermal capacity Investment Support and Promotion Agency of Turkey Privatization of Generation Assets – Map of Portfolios Privatization of state generation assets includes 17 thermal and 28 hydro power plants that are owned by EUAS*. Total installed capacity for the power plants is 16 GW (out of 24 GW). *EUAS: Elektrik Üretim AŞ - State Electricity Generation Company Investment Support and Promotion Agency of Turkey Large Lignite Reserves - The project will be based on Inter Governmental Agreement (IGA) Reserve: 0,5 billion tonnes - A&B are operational assets and it is MoE’s Potential (30 yrs): 1.875 MW preference that they are taken over TRAKYA - C, D & E will be developed in sequence - EÜAŞ can be one of the minority partners if requested - Treasury guarantee is not given but a certain floor price for a limited period is provided for bankability of the project Reserve: 1,8 billion tonnes Reserve: 4,4 billion tonnes Potential (30 yrs): 5.000 MW Potential (30 yrs): 8.200 MW 2 MOU’s signed KAHRAMANMARAS ELBISTAN KONYA KARAPINAR Investment Support and Promotion Agency of Turkey Renewables – FIT Scheme 25,0 DC #7 0,6 DC #6 1,3 DC #5 20,0 0,5 DC #4 0,6 2,4 0,4 DC #3 0,5 0,9 1,3 DC #2 3,5 0,6 DC #1 2,0 0,6 15,0 FIT 0,6 1,3 0,4 2,4 0,8 0,8 0,7 0,7 cent/kWh S 1,3 U 10,0 1,3 1,0 0,6 1,0 1,3 0,8 13,3 13,3 13,3 5,0 10,5 7,3 7,3 0,0 Hydro Wind Geothermal Biomass PV CSP Investment Support and Promotion Agency of Turkey Investment Incentive Scheme for Manufacturing V.A.T. Exemption (for the imported and domestically provided Machinery and Equipment) Customs Duty Exemption (for the imported Machinery and Equipment) Reduced Corporate Income Tax (C.I.T. between %2 - %10) Social Security Premium Support (Both Employer’s and Employee’s Share, for 2 – 12 years) Interest Support Income Tax Withholding Allowance VAT Refund for Construction Expenses Investment Support and Promotion Agency of Turkey Oil & Natural Gas - Turkey as an Energy Corridor and Terminal Turkey is located in close proximity to 71.8% of world’s proven gas and 72.7% of oil reserves Investment Support and Promotion Agency of Turkey Oil & Natural Gas – Liberalization of the Gas Market Unbundling of BOTAS 3rd party access to transmission network, LNG terminals, and storage facilities Two LNG terminals, one storage facility active New tariff methodology Increased activity on wholesale of natural gas Removing of import barriers for LNG and gas: Contract transfer of 4 bcm by private sector between 2007 and 2009 Take-over of 6 bcm Russian Western Line by private sector in 2012 Contract transfer of 4 bcm Russian Western Line in 2014 and 2015 New capacity of 6 bcm Northern Iraq Line in 2016 Privatization of gas distribution company IGDAS (Istanbul) TANAP: Dispatch of Shah Sea Gas Phase-II production through Turkey to Europe $10 billion natural gas pipeline project Planned capacity of the pipeline is 16 bcm in 2020 (6 bcm to Turkey), 23 bcm in 2023 and 31 bcm in 2026. Investment Support and Promotion Agency of Turkey REPUBLIC OF TURKEY PRIME MINISTRY Investment Support and Promotion Agency of Turkey ISPAT Contact Information: Basak Avci Sr Project Director / Sectoral and Strategic Analysis E-mail: [email protected] Web: www.invest.gov.tr Phone: (+90 212) 468 6900 Investment Support and Promotion Agency of Turkey .
Load more

Recommended publications
  • Global Turkey in Europe. Political, Economic, and Foreign Policy
    ISSN 2239-2122 9 IAI Research Papers The EU is changing, Turkey too, and - above all - there is systemic change and crisis all G round, ranging from economics, the spread of democratic norms and foreign policy. LOBAL The IAI Research Papers are brief monographs written by one or N.1 European Security and the Future of Transatlantic Relations, This research paper explores how the EU and Turkey can enhance their cooperation in more authors (IAI or external experts) on current problems of inter- T edited by Riccardo Alcaro and Erik Jones, 2011 URKEY GLOBAL TURKEY national politics and international relations. The aim is to promote the political, economic, and foreign policy domains and how they can find a way out of the stalemate EU-Turkey relations have reached with the lack of progress in accession greater and more up to date knowledge of emerging issues and N. 2 Democracy in the EU after the Lisbon Treaty, IN trends and help prompt public debate. edited by Raaello Matarazzo, 2011 negotiations and the increasing uncertainty over both the future of the European project E after the Eurozone crisis and Turkey’s role in it. UROPE IN EUROPE N. 3 The Challenges of State Sustainability in the Mediterranean, edited by Silvia Colombo and Nathalie Tocci, 2011 A non-profit organization, IAI was founded in 1965 by Altiero Spinel- li, its first director. N. 4 Re-thinking Western Policies in Light of the Arab Uprisings, SENEM AYDIN-DÜZGIT is Assistant Professor at the Istanbul Bilgi University and Senior POLITICAL, ECONOMIC, AND FOREIGN POLICY edited by Riccardo Alcaro and Miguel Haubrich-Seco, 2012 Research Affiliate of the Istanbul Policy Centre (IPC).
    [Show full text]
  • Exports: the Heart of Nep
    How to Export to 2018 Turkey This report includes all the information related to trade basics and detailed data regarding export from Brazil to Turkey. This report is for information purposes only and Tumer Eng. will not be liable to any direct, indirect, incidental, special, consequential or exemplary damages, including but not limited to, damages for loss of profits, goodwill, use, data, or other intangible losses. Ver:1.0 2018 1 Contents 1 Why Turkey.................................................................................................................................... 12 1.1 General Information .............................................................................................................. 12 1.2 Geography ............................................................................................................................. 13 1.2.1 Distances ....................................................................................................................... 18 1.2.2 Climate of Turkey .......................................................................................................... 19 1.2.2.1 Air temperature changes until now .......................................................................... 20 1.2.2.2 Precipitation changes until now ................................................................................ 21 1.2.2.3 Air temperature changes in the 21st century ........................................................... 21 1.2.2.4 Precipitation changes in the 21st century ................................................................
    [Show full text]
  • Policy Implications of Trends in Turkey's Meat Sector with Respect to 2023 Vision Fahri Yavuz ⁎, Abdulbaki Bilgic, Mustafa Terin, Irfan O
    A.1.4 Meat Science 95 (2013) 798–804 Contents lists available at SciVerse ScienceDirect Meat Science journal homepage: www.elsevier.com/locate/meatsci Policy implications of trends in Turkey's meat sector with respect to 2023 vision Fahri Yavuz ⁎, Abdulbaki Bilgic, Mustafa Terin, Irfan O. Guler Department of Agricultural Economics, Ataturk University, 25240, Erzurum, Turkey article info abstract Article history: Turkey has become one of the leading emerging economies in the world being second after China as the Received 14 February 2013 highes ecoonomically growing country with 8.9% economic growth rate in 2010. Forecasting impacts of Accepted 21 March 2013 this development in coming 10 years might have very important policy implications for the meat sector in the framework of 2013 vision of Turkey. In this study, annual time series data which contain several key vari- Keywords: ables of meat sector in last 26 years (1987–2012) are used to forecast the variables of the coming twelve Turkey years (2013–2024) to drive policy implications by considering the impacts of high economic growths, crises Meat industry 2023 vision and major policy changes. Forecasted future values of the variables for 2023 in the sector are assessed and com- Time series pared with recent national and international values to drive policy implications. The results show that the eco- Forecasting nomic growth results in the increase in per capita income and thus increased demand for meat seemed to Economic policy foster the meat sector. Therefore, these macroeconomic indicators need to be better in addition to improvements at micro level for establishing competitive meat sector and thus reaching aimed consumption level of meat.
    [Show full text]
  • Ten Global Brands by 2023: a Sweet Fantasy?
    TEN GLOBAL BRANDS BY 2023: A SWEET FANTASY? Over the past decade, ambitious bureaucrats in Ankara have pledged bold goals. Many observers saw these as mere fantasy. In 2012, the mixing of economic and geostrategic aspirations in the same pot was introduced to the Turkish public as the “2023 vision”. This article analyzes one of the ambitious 2023 targets: having 10 Turkish-owned global brands. On its path to create global brands Turkey will have to address the challenges which today’s developed countries have faced in the past. Ergin Hava* Summer 2013 * Ergin Hava is the Business Editor of the Istanbul-based English language daily Today’s Zaman. 139 VOLUME 12 NUMBER 2 ERGİN HAVA ver the past decade of single-party rule, the Turkish economy has branched out into new markets and cultivated sustainable trade rela- tions, becoming more integrated within the global economy than ever O before. This was mainly the result of growing self-confidence bol- stered by political and financial stability at home. During this period, ambitious bureaucrats in Ankara pledged bold goals, which many observers saw as mere fantasy. These goals, in a sense, were the result of the government’s motivation to force the limits of vision and imagination as far as pos- sible, even though some of them seemed very hard to achieve at first. The mixing of economic and geostrategic aspirations in the same pot was introduced in 2012 to the Turkish public as the “2023 vision” – in reference to the centennial anniversary of the foundation of modern Turkey. Among the targets that the 2023 vision introduced, the most prominent is to make Turkey one of the world’s top-10 economies.
    [Show full text]
  • Todays Zaman 2013 2013 Yavuz
    Todays Zaman 2013 2013 Yavuz Turkey's 2013 curve 31 dicembre Baydar 2014- Turkey and developing countries Cemil Ertem 31 dicembre Turkish law -- the best of 2013 Berk Çektyir 31 dicembre Maybe it is nothing… B. Dedeoğlu 31 dicembre How the mighty Erdoğan has faltered Amanda Paul 31 dicembre Destructive politics Nicole Pope 30 dicembre 2014- the year of the rise of Salafism in and H. Kanbolat 30 dicembre around Turkey Why Mr. Gülen was targeted A. Bozkurt 30 dicembre Can the EU be blamed for Erdoğan's Şahin Alpay 29 dicembre authoritarianism? Yavuz A destructive option for Turkey takes shape 29 dicembre Baydar Real danger E. Dumanli 29 dicembre Turkey and the US- the end of a traditional Gökhan 29 dicembre alliance? Bacik Cyprus- four decades of division Amanda Paul 28 dicembre Old wine in a new bottle Doğu Ergil 28 dicembre How long can Erdoğan resist? M. Türköne 28 dicembre Is the Turkish economy resilient to political S. Gürsel 27 dicembre shocks' Orhan The failure of nations or defying the world 26 dicembre Miroğlu A milestone verdict on ‘Armenian genocide' Yaşar Kakiş 25 dicembre 2013- a tough year for Turkish foreign policy S. Kiniklioğlu 25 dicembre The longest day for the AK Party H. Gülerce 25 dicembre Corruption, EU and AKP Cengiz Aktar 25 dicembre A region full of agonies Ali Bulaç 23 dicembre Corruption scandal will consolidate Turkish A. Bozkurt 23 dicembre democracy Yavuz What is this bedlam all about? 22 dicembre Baydar The Islamic roots of the conflict in Turkey O. Taşpinar 22 dicembre What is Recep Tayyip Erdoğan to us? B.
    [Show full text]
  • Turkish President's Visit
    THE JAPAN TIMES THURSDAY, OCTOBER 8, 2015 5 Turkish president‘s visit Building Turkey-Japan Biography of President Recep Tayyip Erdogan Recep Tayyip Erdogan was born in Istanbul which was recommended by the National on Feb. 26, 1954. He graduated from Marma- Education Ministry and published by a state ra University’s Faculty of Economics and Ad- agency, being sentenced to prison for read- partnership for the future ministrative Sciences in 1981. ing it, ending his time as mayor. Since his youth, Erdogan has chosen to in- After serving four months in prison, he es- tertwine his social life with politics. From tablished the Justice and Development Party. Both key and in uential players among the top 20 economies of 1969 to 1982, he was also actively interested Erdogan, who was not a candidate for MP in their regions, Turkey and the world, Turkey became a in football, which taught him the signifi cance during the elections in Nov. 3, 2002, joined the Japan are enjoying warm rela- magnet for foreign investments, of teamwork. These years coincided with the deputy renewal election held on March 9, tions on every level, thanks to the as $145 billion dollars of foreign time when the idealistic young Erdogan 2003, in Siirt. Taking 85 percent of the vote, he vision and farsightedness of their direct investment (FDI) poured began to be interested in social and national became a deputy from Siirt for the 22nd term. leaders, H.E. President of Turkey inars all over Japan, ISPAT led into the country over a period problems and stepped into politics.
    [Show full text]
  • Democracy, Trade, and the Kurdish Question in Turkey-EU Relations
    Global Turkey in Europe III Democracy, Trade, and the Kurdish Question in Turkey-EU Relations Edited by Senem Aydın-Düzgit, Daniela Huber, Meltem Müftüler-Baç, E. Fuat Keyman, Michael Schwarz and Nathalie Tocci In cooperation with Edizioni Nuova Cultura Acknowledgments This publication has been generously supported by the Mercator Stiftung. Special thanks to Alessandra Bertino, Sinan Ekim, and Ipek Velioglu for their inva- luable assistance in copy-editing. Series Editor Natalino Ronzitti First published 2015 by Edizioni Nuova Cultura For Istituto Affari Internazionali (IAI) Via Angelo Brunetti 9 - I-00186 Roma www.iai.it Copyright © 2014 Edizioni Nuova Cultura - Roma ISBN: 9788868125110 Cover: Chiara Mastrantonio Graphic Composition: Chiara Mastrantonio The unauthorized reproduction of this book, even partial, carried out by any means, including photocopying, even for internal or didactic use, is prohibited by copyright. Table of Contents List of Contributors .....................................................................................................................9 List of Abbreviations ...............................................................................................................11 Foreword Michael Schwarz .........................................................................................................................15 Introduction Daniela Huber, Nathalie Tocci and Ipek Velioglu ........................................................... 17 Executive Summary ................................................................................................................
    [Show full text]
  • Eurasian Journal of Educational Research
    Eurasian Journal of Educational Research 87 (2020) 69-100 Eurasian Journal of Educational Research www.ejer.com.tr The Future of Education in Turkey’s 2023 Educational Vision Document: Views of Academicians in the Faculty of Education Cetin SEMERCI1, Cenk HATIPOGLU2, Birsen GUNERI3, Aziz SEVIMBAY4, Mumine AKCAALAN5, Yasemin CENGIZ DEMIR6 A R T I C L E I N F O A B S T R A C T Article History: Purpose: This study was conducted to reveal the Received: 09 Jul. 2019 views of academicians, working in the Faculty of Received in revised form: 03 Dec. 2019 Education, on the 2023 Vision Document of the Accepted: 11 Jan. 2020 Ministry of National Education. Method: Qualitative research method was used in DOI: 10.14689/ejer.2020.87.4 this study. The study group consisted of six faculty Keywords members. In the determination of participants, easily The Ministry of National Education, Turkey’s 2023 educational vision accessible situation sampling, which is one of the document, Views of academicians. purposive sampling methods, was used. A descriptive qualitative research design was used in this study; interview technique and semi-structured interview form were used as data collection tools. Findings: The findings showed that the views of academicians, who participated in this study, about the education system were based on a philosophical foundation that continues from individuality to sociality, from material dimension to spiritual dimension, and emphasizes an original national and spiritual thought system extending from local to universal. Also, results indicated that, firstly, students should gain national and universal values and then should be equipped with 21st-century skills and competencies if the courses are satisfactory concerning quality, the reduction of the course hours can be positive; emphasis can be given on the necessity of giving the pedagogical formation education rather than giving it.
    [Show full text]
  • New Turkey” Narrative and Public Policy Change in Turkey1
    THE “NEW TURKEY” NARRATIVE AND PUBLIC POLICY CHANGE IN TURKEY1 Dr. Fethi Ufuk OZISIK* Introduction AKP and the Evolution of Its Rule since 2002’s Legislative Elections The Justice and Development Party (“Adalet ve Kalkınma Partisi”), abbreviated JDP in English and AK PARTİ or AKP in Turkish, is a social conservative political party in Turkey. It has developed from the tradition of Islamism, but has officially abandoned this ideology in favor of "conservative democracy" (Duran, 2008; Akdogan, 2006). The party is the largest in Turkey, with 312 members of parliament. Its leader, Ahmet Davutoglu, is Prime Minister, while former party leader Recep Tayyip Erdogan is President of Republic since 2014. Founded in 2001 by members of a number of existing conservative parties, the party has won three general election victories in 2002, 2007 and 2011, winning 34.3%, 46.6% and 49.8% respectively. Having almost won a two-thirds majority of the 550 parliamentary seats in 2002, the party won 341 seats in 2007 and 327 in 2011. The party currently forms a third- term majority government since 18 November 2002, having had their electoral success mirrored locally in the municipal elections of 2004, 2009 and 2014. Shortly after formation, the AKP portrayed itself as a pro-Western and pro- American2 party in the Turkish political spectrum that advocates a liberal market economy including Turkish membership in the European Union3. The party has been described as a “broad right-wing coalition of Islamist, reformist Islamists, conservatives, nationalists, centre- right, and pro-business groups.” (Soner, 2014). The party has for a long time been supported by the Cemaat Movement of exiled Islamic cleric Fethullah Gulen, whose influence in the judiciary has helped to weaken the opposition against the AKP.
    [Show full text]
  • 34 Chapter Iv the Factors Behind Turkey's
    CHAPTER IV THE FACTORS BEHIND TURKEY’S INCONSISTENCY The inconsistency of Turkish ambition in resolving conflict especially in the Muslim world supposed to be their concern in Islamic democracy values. In the meantime, there was no meaningful action conducted by Erdogan in carrying out many various international agendas on the party's platform related to the Uyghur issue. In this fourth chapter, the researcher will explain why the three influential aspects of Turkish decision-makers have become the pillars that drive its foreign policy towards its partnership with China rather than the Uyghur Issue. A. The Pragmatic Considerations of AKP Towards China In the analysis of foreign policy decision making, the domestic politics of a country have been frequently neglected. Many experts only focused on the international system as the primary explanation, while actually the internal factor also become dominant to actively influence the decision-maker of a country. By referring to the fundamental basis of realism and liberalism, Turkish government under the Erdogan’s leadership is apparently facing the growth of domestic pressure in formulating its foreign policy. In the domestic politics context, Partisan influencers are actually the right type to describe AKP as one of the leading influencers of the decision-maker in arranging the foreign policy. To be known, partisan influencers in here means those individuals that committed to be the members in a political party. As a matter of fact, 34 partisan influencers are not only focusing on domestic policy matters, but also on Turkish foreign policy. That is why AKP as a ruling party in Turkey keeps actively influencing Erdogan to conduct Turkish multidimensional foreign policy (Yılmaz & Özdemir, 2017).
    [Show full text]
  • TR52 NUTS 2 REGION (Konya-Karaman) 2023 VISION
    TR52 NUTS 2 REGION (Konya-Karaman) 2023 VISION REPORT TABLE OF CONTENTS TABLE OF CONTENTS .................................................................................................................................... 1 TABLE OF CHARTS ......................................................................................................................................... 3 THE PLAN OF FUTURE TOWARDS 2023 ........................................................................................................ 5 Global Trends and Expectations ................................................................................................................... 5 Expected Developments in the Countries of European Union and in the Nearby Regions ......................... 7 The Developments in the European Union .................................................................................................. 7 The Developments in Neighboring Countries .............................................................................................. 9 The Expected Developments at the National Level ................................................................................... 10 The Expected Development in the Regions close to Konya-Karaman ....................................................... 13 AGRICULTURAL SECTOR ............................................................................................................................. 17 BACKGROUND ...........................................................................................................................................
    [Show full text]
  • 8TH YEAR EXCLUSIVE INTERVIEW Chairman of TİM, İsmail Gülle, Answered the Questions About Many Issues and Evaluated the Current State of Turkish Economy
    YOUR COMPLIMENTARY COPY 8TH YEAR EXCLUSIVE INTERVIEW Chairman of TİM, İsmail Gülle, answered the questions about many issues and evaluated the current state of Turkish economy. SEPTEMBER 2018 ISSUE 62 ECONOMY BUSINESS FOREIGN TRADE ANALYSIS Innovation Focused Mentorship Program How Who How will Which will the will be the supports will Process run? mentor? chosen? be given? Academicians As a result of be paired with and private sector TİM’s an innovation representative pre-evaluation mentor who is who have the and according to support of both determined by competency their application TİM and Exporters’ TİM and Sabancı of Innovation Association that the University Management be chosen If you want your company to design and put into practice corporation innovation systems that are tailored your company’s aims, structure and needs create and strengthen the infrastructure of innovation management increase innovation management competency sustainably İnoSuit is just for you… www.tim.org.tr/en/inosuit-innovation-focused-mentorship-program.html The Turkish Perspective 1 Contents 05 FIRST 36 COVER 06 | Great Increase in Steel Export 07 | Production Facility in Turkey by Bosch 08 | Boosting Renewable Power Generation 09 | Blockchain Center in İstanbul 10 | Super Incentive for TF-X Project A 10 NEW ERA FOR ENERGY 12 EXCLUSIVE INTERVIEW 50 INDEPTH Chairman of TİM, İsmail Gülle, 48 50 | TURKEY&SOUTH answered the questions about KOREA“BLOOD BROTHERS” FOR many issues and evaluated the 60 YEARS current state of Turkish economy. During the Korean war between 17 BRIEFING South and North, the participation of Turkish troops led to the 17 | BRICS: OPPORTUNITIY FOR formation of a strong relation TURKEY between the two countries.
    [Show full text]