SEE Legal Energy Handbook 2014

TURKEY

1. INTRODUCTION TO THE ENERGY MARKET

Due to its remarkable economic growth over the last decade, Turkey's energy demand has considerably increased. In order to meet this growing energy demand, Turkey's energy policy for the next ten years includes the following targets:

• increasing total installed power to 120,000 MW;
• increasing the share of renewable energy sources to 30%;
• establishing an energy exchange;
• commissioning at least two nuclear power plants; and
• minimizing its costs for importing petroleum and gas¹.

Turkey's targets show that energy demand and development of the energy market will not stop². Currently, Turkey's domestic resources meet approximately 28% of its total energy demand. Due to insufficient domestic energy generation, Turkey's primary objective is to strengthen its security of supply. Turkey is determined to diversify its energy supply routes and sources, by including nuclear energy in its generation bundle and