Turkish energy market – attractive for international companies
• Turkey as a dynamic energy market
• Investment volume: US$130 billion
• Turkish government ministries and economic associations support “All Energy Turkey”
Turkey has developed into one of the fastest-growing energy markets and is rapidly establishing a competitive market structure. According to estimates by the Turkish Electricity Transmission Company, the demand for electricity in Turkey will increase by six per cent per year between 2009 and 2023. The total level of investment required to cover the energy demand in Turkey up to 2023 has been estimated at around US$130 billion (www.invest.gov.tr, 5.7.2013.). The planned energy stock exchange EPIAS underlines the importance of Turkey as an energy hub: “The establishment of a Turkish energy stock exchange is decisively important for the liberalisation and growth of the electricity market,” explained Metin Kilci, Undersecretary, Ministry of Energy and Natural Resources, on the occasion of the agreement between the European Energy Exchange (EEX) and the Turkish network provider Teias. The establishment of the energy stock exchange EPIAS – planned for the end of 2014 – offers numerous investment opportunities in Turkey. It will require management and IT solutions, for example, in the areas of energy portfolio optimisation, data procurement and evaluation or the forecasting and modelling of processes. As a result of its advancing liberalisation, the Turkish energy market is also becoming increasingly interesting for international investors.
Informa and Euroforum’s All Energy Turkey (AET) congress trade fair (11 and 12 September 2013, Istanbul) will focus on topics dealing with the energy market and energy trade. Alongside trade, marketing and sales, the accompanying workshops at the trade fair will cover themes such as the legal framework in the energy sector, risk and portfolio management, market regulation, prices and the design of the market for the wholesale trade in energy. In addition, “All Energy Turkey” will focus on the fundamentals of energy trade, the role of Turkey as an energy hub between Europe and the Middle East, the establishment of EPIAS, the interaction between regional energy providers and their service providers, and the advancing privatisation process in the electricity and gas sectors.
Politics, industry and economic associations as partners of AET
The trade fair is being supported by the Turkish Ministry of Energy and Natural Resources, which views the event as being of great significance, especially because it also acts as an important platform for promoting the sustainable development of the energy market. “This is the reason why we are supporting and also participating at this trade fair,” explained Dr Selahattin Çimen, Deputy Undersecretary, Ministry of Energy and Natural Resources, at the beginning of June during a press conference for the trade fair. The participation of Undersecretary Metin Kilci on the Advisory Board underlines the significance of this trade fair for Turkey in the eyes of the Ministry of Energy and Natural Resources.
“Because industry is a vitally important participant in the energy market and trade, cooperation with the Turkish Industry and Business Association (TÜSIAD) was especially important to us as the organiser. We are very pleased to have gained TÜSIAD as a partner, which is the first time the association has supported any event,” stated Christina Sternitzke from the organiser Informa. Other partners of All Energy Turkey include the Turkish Energy Traders Association (ETD), the European Federation of Energy Traders (EFET) and the Turkish Petroleum Platform Association (PETFORM). These associations will be offering a range of different workshops as part of the trade fair, including a workshop on the topic of sales and competition in the energy trade.
The Turkish stock exchange is also represented at All Energy Turkey. Prof. Mustafa Kemal Yılmaz, Managing Director of the Istanbul Stock Exchange, explained to Informa: “All Energy Turkey is an extremely important event with perfect timing. The workshops and opening sessions are very useful for dealing with the subject of price mechanisms on the market, creating transparency and developing the required technological infrastructure.”
Sponsors at AET
The sponsors of the congress trade fair are Deloitte, Borusan EnBW Energy and RWE Turkey Holding. Alongside the previously named associations, the following cooperation partners and exhibitors, amongst others, will also be appearing at the trade fair: Ak Enerji, Aplusenerji, Bloomberg, CS Enerji, Danske Commodities, the European Energy Exchange (EEX), Farmatic Anlagenbau GmbH, MeteoGroup, Montel and Statkraft Enerji. The Turkish award for the “Energy Manager of the Year” will also be presented as part of All Energy Turkey.
Press Contact
Claudia Büttner
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