Important News
10th Turkey Energy Forum Will Be Held on October 2-3, in İstanbul
Conferances Research Natural Gas General Renewables (HEPP, Wind, Solar, Biofuel) Other Renewables
8/8/2019
Trends in Turkish Energy Projects Finance, Debt Restructuring within Turkish Energy Sector, The Road Map for Turkish Energy Sector, Opportunities in Rooftop Solar Systems and Dynamics of Regional Gas Market will be amongst the main topics that will be covered in the Forum this year with the participation of investor companies and banks...
Infrastructure Investments General Directorate (AYGM), 3-Storey Grand Istanbul Tunnel Project (I)
Build-Operate-Transfer (BOT) Transportation
8/6/2019
The first prospective partnership in the project gains clarity. GAMA Holding, the builder of Marmaray has disclosed that it signed a Memorandum of Understanding with CSCEC and CIGG from China in relation with the 3-Storey Tunnel Project…
The Annual Inflation Rate Realized as 16.65 Percent in July
Macro Indicators
8/5/2019
An increase of 1.36 % realized in CPI in July 2019 compared to the previous month, and an increase of 16.65 % in comparison with the same month of the previous year…
PowerHaul Locomotives of Turkish Locomotive & Engine Inc. (TÜLOMSAŞ) Are Delivered to Körfez Ulaştırma A.Ş.
Company News Railways
7/26/2019
Körfez Ulaştırma A.Ş., a subsidiary of Tüpraş having activities in the railway transportation sector has received five diesel-electrically operated PowerHaul series locomotives produced with the cooperation of TÜLOMSAŞ – Wabtec…
IMF Released Updated WEO
Reports Research Macro Indicators
7/23/2019
Global growth is forecast at 3.2 percent in 2019, picking up to 3.5 percent in 2020. These projections are 0.1 percentage point lower than in the April WEO projections for both years...
Central Administration’s Gross Debt Stock Realized as TL 1 Trillion 219.8 Billion as of the End of June
Macro Indicators
7/23/2019
TL 610.5 billion of the debt stock consisted of debts in terms of TL and TL 609.3 billion of debts in terms of foreign currencies…
TMSF’s Tender for Adularya Enerji's Sale
Privatization General
7/22/2019
In the tender relaunched for selling Adularya Enerji ve Tümsan İnşaat Madencilik, included in Yunus Emre Thermal Power Plant, bidding deadline is 20 August 2019...
The Bill, as the New Income Generating and Savings Provider Economy Package, Approved at the General Assembly
Coal Loans Research Legislation Other Renewables
7/18/2019
The Bill Pertaining to Amending Income Law and Some Other Laws was approved at the General Assembly of the Parliament... Repatriation of Capital is extended until December 31, 2019, Central Bank reserve fund is decreased from 20% to 10%. Procedures and principles for restructuring of financial debts is envisaged to be determined in a Framework Agreement. Large-scale projects are granted time extension, to be used for both REZ (YEKA) Solar Power Plant concession and exemption from FGD investments of the privatized coal power plants...
Short Term Foreign Debt Stock is Recorded as $ 120 Billion as of the End of May
Loans Macro Indicators
7/18/2019
Short term debts of the public sector is recorded as US$ 23.3 billion increasing by 3.5 % compared to the end of 2018, whereas the short term foreign debts of the private sector reached US$ 91.7 billion increasing by 4.0 %
Turkish GAMA Group Will Build Wolrd's Longest Submarine Tunnel between Estonia and Finland With Chinese Group
Abroad Company News
7/16/2019
Turkish GAMA Group having undersigned the Memorandum of Understanding together with China Railway International Group signed with FinestBay Area Development for the construction of the 100 km tunnel to be built at the Baltic Sea takes place in the project worth € 15 billion…
Government, Relased a New Income Generating and Savings Provider Economy Package (I)
Health Parliament Legislation Macro Indicators Other Renewables Development Plans & Goverment Programs
7/9/2019
The New Economy Package submitted to Parliament today by the Government under the title of "Bill Pertaining to Amending Income Law and Some Other Laws", covers new arrangements from Income Law to Central Bank Reserve Money, from Ministry of Health’s PPP model projects to bringing assets from abroad to Turkey.
Sinop Nuclear Power Plant Project
Speeches Intergovernmental Nuclear
6/28/2019
President Tayyip Erdoğan said, "We have met with a Picture not in conformity with the initial agreement both in terms of cost and calendar. Of course, it is sad to see Sinop Nuclear Power Plant does not proceed as we planned. Yet, we do not limit our energy cooperation with Japan only with nuclear energy field".
Amendment to Public Electricity Purchase Tenders
Legislation General
6/27/2019
In Public electricity purchases, weighted average exchange price; unit renewable energy sources supporting mechanism cost will be calculated on the basis of administration connection voltage level, subscribers group, tariff class, single-multi time situation distribution cost and tax and funds VAT excluded, and announced by EMRA.
Amendment no. 2 in the Financing Agreement for the Multiannual Transport Action Program for Turkey
Railways Legislation
6/27/2019
The amendment has increased the estimated total cost of Turkey, a beneficiary of the IPA II, in the Multiannual Transport Action Program to €409,294,117. This amount was €382,588,235 under the amendment made in September 2018. The maximum EU Contribution for the program has been raised to €347,900. This amount was previously €325,200. -The primary project under the agreement is the Halkalı-Kapıkule Line Project...
Application Filed to the Competition Authority for Share Transfer between İçtaş Sürdürülebilir Enerji Yatırımları A.Ş. and EBRD
HEPP Company News Renewables (HEPP, Wind, Solar, Biofuel) Other Renewables
6/26/2019
32 percent of the shares of İçtaş Sürdürülebilir Enerji Yatırımları A.Ş. will be transferred to the EBRD...
Annual Report
