Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Market Briefing. Turkey. 28th January


Published on

Published in: Technology, Business
  • Be the first to comment

  • Be the first to like this

Market Briefing. Turkey. 28th January

  1. 1. 1
  2. 2. Contents • Nuclear Energy in Turkey -Energy -Nuclear Energy Projects -Business Opportunities 2
  3. 3. Energy • Turkey’s energy bill was $60bn in 2012. • It is estimated that Turkey’s demand for electricity will increase at an annual rate of 6-8% between 2009 and 2023. • For Turkey to meet its energy demand, significant investments are necessary in the energy sector, estimated around US$130 billion by 2023. • Turkey’s energy dependency is currently at 70% with; 92% of oil 98% of gas imported causing over 50% of current account deficit(CAD). • Turkey plans to reform energy production to meet increasing demand and aims to become a transit hub for energy transportation in the region. • Turkey is aiming to increase energy production using domestic energy sources; coal, renewable energy and nuclear energy. Type your title and date here 00/00/0000 3
  4. 4. Energy Chal lenges and Opportunities: Challenges: Need for new legislations and regulations Competitive environment, Tax problems. Opportunities: Turkey’s goal of becoming an energy hub, Increasing need for energy, High potential natural resources, Geographic advantages. Type your title and date here 00/00/0000 4
  5. 5. Nuclear Energy Projects • Turkey is planning to build 3 nuclear power plants by 2023. • The Turkish Prime Minister announced a notice to facilitate and speed up the procedures for nuclear energy in 2012. • The first nuclear power plant project, Akkuyu is contracted to Russia and the second nuclear plant which will be built in Sinop is contracted to Japan/France. Trakya region which is the European part of Turkey is considered for the 3rd nuclear power plant to be built. Type your title and date here 00/00/0000 5
  6. 6. Nuclear Energy Projects • In May 2010 Turkish government and Russian government signed an agreement for Rosatom to build, own and operate the Akkuyu plant of four 3rd generation VVER 1200 MWe reactors as a US$ 20 billion project. Rosatom, through Atomstroyexport and Inter RAO UES, will finance the project and start off with 100% equity in the Turkish project company set up to build, own and operate the plant. In December 2011 the project company Akkuyu Nukleer Santral Elektrik Uretim had filed applications for construction permits and a power generation license, as well as an environmental impact assessment by the deadline, with a view to starting construction in 2015 and finishing the first unit at the end of 2020. • According to the agreement between Russia and Turkey, all the work that does not require high tech will be carried out by Turkish companies. The construction work(excluding nuclear island), environmental impact assessment, studies on the construction site, etc will be contracted to local companies. Type your title and date here 00/00/0000 6
  7. 7. Business Opportunities • As there is a lack of experience and knowledge the Turkish Government is in need of working with an international nuclear consultancy firm to map the project and also to be able to manage the project. • Project management, • Legal and regulatory advice, • Training, • Supply Chain Capability Building, • Physical and cyber security, • Supply Chain Opportunities and nuclear island components within Main Contractor Russia. Type your title and date here 00/00/0000 7
  8. 8. Contacts Um ay Uysal T rade M anager British Embassy, Sehit Ersan Caddesi No. 46/A, Cankaya, Ankara Tel: +90-312-455-3258  Email: 8