In keeping with its energy strategy for 2015 to 2019 and its goal of improving the energy generation sector's investment environment, the government recently introduced significant legislative amendments. The amendments relate to the unlicensed electricity generation sector, the privatisation of the Electricity Generation Corporation and the introduction of renewable energy source regions.
There have been a number of recent developments that could affect the Turkish energy market, including the lifting of sanctions on Iran. In addition, there has been a move to repair diplomatic ties with Russia following the November 2015 jet crisis, which would be a major boost for the Turkish energy sector and the suspended Turkish Stream pipeline.
The Grand National Assembly recently approved amendments that will have significant implications for the Turkish energy market and the renewable power sector. The amendments will affect overseas research activities, natural gas storage obligations, zoning restrictions for nuclear power plants and the requirements for renewable energy sources.
Amendments to the Regulation on Unlicensed Electricity Generation in the Electricity Market were recently published. Companies planning to invest in unlicensed electricity plants or in the process of signing a connection agreement should familiarise themselves with the newly incorporated rules, as violations may result in the termination of their connection agreements or refusal of their applications.