Electricity Forecast

For more information regarding potential investment opportunities in the Turkey electricity market, a law firm should be consulted.

Reserve capacity (capacity–demand)/demand) is essential to maintaining the reliability of electricity system by ensuring that there is always enough supply to meet demand. According to TEIAS estimates, Turkish reserve capacity declines steadily after 2006 in both scenarios.

Turkish Electricity Transmission Company (TEIAS) estimates additional capacity needs to be between 20 -30 GW until year 2016 assuming 8% p.a. increase in peak demand to 70 GW in a high scenario. It is equivalent  to approximately 378 Gwhrs annual consumption compared to 191 Gwhrs in 2007.

• Today  181 Gwhrs
• In 2016 378 Gwhrs
• More than 100% increase is forecasted by state planning authority.
  
• Turkish generation capacity is presented in the next graph without incorporating the pending licence applications and announced projects. We should note that although in the graph high scenario exceeds capacity by 2013, the possible shortage is closer than it appears, thus making private sector investments vital for the system.

 Turkey Electricity Market