December 19, 2020

To invest in the energy sector in Turkey

Depending on the economic and population growth in Turkey is increasing demand for energy and natural resources. Since 2002, Turkey has recorded the fastest growth in the OECD, with an annual growth rate of 5.5 percent since then. Since then, Turkey’s primary energy supply two-fold increase from 78.4 Mtoe to 155 Mtoe output in 17 years. When the total installed capacity of 88.5 GW and 31.8 GW of electricity consumption by the end of 2018 from 305.5 TWh to 132.6 TWh Given the rise in Turkey’s growing economic and social performance of the country’s electricity production infrastructure also reflected. As stated in the 2019-2023 11th Development Plan to meet the increasing needs of the country, the current capacity is expected to reach 110 GW by 2023 with additional investments to be made by the private sector.

Source: Presidency of the Republic of Turkey


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