The Energy industry is constantly growing in demand and there is a steady increase in energy consumption. The Turkish energy market offers a wide range of activities, from crude oil exploration to oil and petrochemical products distribution and exports, and from electricity generation based on all known energy sources to machinery and equipment manufacturing.

The total amount of investments to be made to meet the energy demand in Turkey until 2023 is estimated around USD 130 billion

Although Turkey relies heavily on coal and imported fossil fuels to support its energy needs, efforts for fully liberalizing the energy sector in terms of production, import and storage are underway. Major power distribution facilities are already privatized and power generation assets privatization is set to be completed within the next few years.

-A new Electricity Market Law passed in March 2013, which aims to increase competitiveness and transparency in the electricity market

-The Turkish renewable market has the potential for significant expansion and huge investments are expected within the next 10 years

-The energy stock exchange will become operational in 2014

-A very recent addition to Turkish energy sector, shale gas exploration, has already commenced and analyses foresee a promising potential in shale gas resources.

We represent corporations operating in power distribution, retail, purchase and re-sale of natural gas, renewable energy production (hydro in particular), fossil fuel (coal in particular) producers and mining industry.

We act as general outside counsel and provide counselling on

  • General legal counselling
  • Regulatory filings
  • EMRA (Energy Market Regulatory Board) compliance
  • Permit and license acquisitions
  • Updates on amended laws and regulations
  • Government Incentives
  • Public tenders
  • Project financing
  • Mergers and acquisitions
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