About us | Advertising | Contact | Get Home Delivery | Archive
Mar 15, 2010 Homepage
News
Business
National
Interviews
Columnists
Op-Ed
Arts & Culture
Expat Zone
Features
Travel
Leisure
Life
Cartoons
Women
Health Briefs
Weird But True
Sports
Turkish Press Review
Today's think tanks

Turkey in Foreign Press

istanbul hotels


Business National

EPDK expects TL 5 billion of investments in energy by private sector in 2010

Hasan Köktaş
Hasan Köktaş
Projects in the energy field that were financed by the private sector will be finished and will start production in 2010, the president of the Energy Market Regulatory Agency (EPDK), Hasan Köktaş, has said.

Today's interactive toolbox
Bookmark and Share
Video Photo Audio
Send to print Send to my friend
Post your comments
Read comments

The EPDK has completed its study of private sector projects that are scheduled to be completed for this year. The study was prepared utilizing energy companies’ progress reports.

Assessing the study’s findings in an interview with the Anatolia news agency on Sunday, Köktaş began by providing information regarding projects invested in during 2009. The energy capacity of the facilities constructed last year was 2,833 megawatts, nearly half of which was in natural gas. Around 1,000 megawatts of capacity was derived from investments in renewable energy, whereas the remainder was on other fuel resources such as coal. “This figure was the highest in seven years, but we expect it will be even higher in 2010,” Köktaş asserted.

The renewables sector will account for a larger portion of total energy investments this year, some TL 3.5 billion. Around TL 1.4 billion will be invested in plants that will turn natural gas into electricity. These facilities will have 3,400 megawatts of electricity production capacity, which is almost equal to 21 billion kilowatt-hours.

Köktaş also said his institution aims to smooth the process to make it easier for licensed projects to get completed. “The second phase of our initiative to investigate energy investments on site, which we had started in 2009, will start by April of this year. We will see the construction sites for hydroelectricity, wind and natural gas projects with members of the agency to determine the problems at first hand and later produce solutions,” he said.

Additionally, Köktaş said the EPDK would continue its tough stance against companies who had obtained construction licenses for energy projects but had failed to start them. The agency will cancel these companies’ licenses to ensure the country’s resources are in the best hands, he added.

08 February 2010, Monday

TODAY’S ZAMAN  ANKARA

   

The most read articles of this category

‘Turkey will benefit from not signing an IMF stand-by deal'
Kuwaiti emir to invest $3 bln in Turkey
Çağlayan calls IMF issue a sign of Turkey’s economic strength
TÜSİAD calls off US visit, says it would be ‘unfruitful’
Anadolujet to hire 2,000 workers
European finance ministers to agree on Greek aid
Chinese premier wen defends assertive trade, foreign policy
Gov’t reveals R&D incentive for SMEs
Healthcare overhaul will pass, aide says
Strike threatens BA’s future


The most read articles

Başbuğ’s remarks confirm state of denial, damage credibility
Prime minister tells Roma: Your sufferings are mine
Sweden’s prime minister regrets parliament’s ‘genocide’ vote
‘Turkey will benefit from not signing an IMF stand-by deal'
Judiciary also needs independence from internal pressure, says Ergin
Abant Platform urges democratization in judiciary
Kuwaiti emir to invest $3 bln in Turkey
Time to reconsider: The limits of Karabakh by ELNUR ASLANOV*
Public diplomacy with Yerevan picks up speed
Çağlayan calls IMF issue a sign of Turkey’s economic strength

Death wells: Ergenekon's Aceldama