DOING BUSINESS IN TURKEY
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Doing Business in Turkey<br />
49<br />
OPPORTUNITIES<br />
<strong>IN</strong> <strong>TURKEY</strong> FOR<br />
FOREIGN <strong>IN</strong>VESTORS<br />
ENERGY SECTOR<br />
Turkey has been experiencing<br />
rapid demand growth in all<br />
segments of the energy sector for<br />
decades. Over the last decade,<br />
Turkey has been the second<br />
country, after China, in terms<br />
of natural gas and electricity<br />
demand growth.<br />
Projections show that demand<br />
growth trend will continue.<br />
The limits of Turkey’s domestic<br />
energy sources in light of its<br />
growing energy demand have<br />
resulted in dependency on<br />
energy imports, primarily of oil<br />
and gas. At present, around 25%<br />
of the total energy demand is<br />
being met by domestic resources,<br />
while the rest is being provided<br />
from a diversified portfolio of<br />
imports.<br />
The primary aim of Turkey is to realize its own energy<br />
security. To this end, Turkey aims to<br />
• diversify its energy supply routes and source<br />
countries,<br />
• increase the share of renewables and include the<br />
nuclear in its energy mix,<br />
• take significant steps to increase energy<br />
efficiency,<br />
• contribute to Europe’s energy security.<br />
The Turkish governments provides specific incentives<br />
for electricity generation investments based on<br />
renewable energy sources, which is listed below:<br />
• 100% exemption from Customs Duty and VAT<br />
• 10-year Tariff Guarantee (FiT) application<br />
• Network connection priorities<br />
• Lower license fees<br />
• License exemption in exceptional circumstances<br />
• Various practical ease for project preparation and<br />
land acquisition<br />
Centrum Consulting | 2017
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