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Turkey Electric Power Transmission & Distribution (T&D) Infrastructure Industry Analysis
Turkey is one of the largest and most important energy markets in the world. The country is strategically located between Europe and Asia, making it an ideal transit point for energy resources. The electric power transmission and distribution infrastructure industry in Turkey has experienced significant growth in recent years, driven by various factors, including increasing demand for electricity, government investment in energy infrastructure, and the country's transition to renewable energy sources.
The current scenario of the electric power transmission and distribution infrastructure industry in Turkey is characterized by a mix of both public and private investments. The state-owned company TE?A? is responsible for the transmission of electricity throughout the country, while the distribution of electricity is carried out by various private companies operating in different regions. The industry is highly regulated, with the Energy Market Regulatory Authority (EPDK) overseeing the activities of all companies involved in the sector.
Turkey has an ambitious plan to increase its installed capacity of electricity generation to 120 GW by 2023. To achieve this, the country has been investing heavily in new power generation projects, including renewables such as wind, solar, and geothermal. These new projects have increased the demand for new transmission and distribution infrastructure, leading to an increase in construction activity in the industry.
The major drivers of the industry include the government's commitment to increasing the share of renewable energy sources in the country's energy mix. The government has set a target to generate 30% of the country's electricity from renewable sources by 2023. To achieve this, the government has implemented various incentives, including feed-in tariffs and tax exemptions, to encourage investment in renewable energy projects.
Another major driver is the increasing demand for electricity in the country, driven by population growth and economic development. Turkey is the largest economy in the Middle East and North Africa region and has experienced significant economic growth in recent years. As a result, there has been a significant increase in electricity consumption, which is expected to continue in the coming years.
The industry outlook for the electric power transmission and distribution infrastructure in Turkey is positive. The government's commitment to increasing the share of renewables in the energy mix is expected to continue, providing significant opportunities for companies involved in the industry. The government has also implemented various policies to encourage investment in the sector, including the establishment of free trade zones and tax incentives.
In addition, Turkey's strategic location between Europe and Asia makes it an attractive market for international companies looking to invest in the industry. The country's proximity to key energy resources such as natural gas and oil, as well as its role as a transit point for energy resources, makes it an important market for companies operating in the industry.
In conclusion, the electric power transmission and distribution infrastructure industry in Turkey is experiencing significant growth, driven by increasing demand for electricity, government investment in energy infrastructure, and the country's transition to renewable energy sources. The industry outlook is positive, with significant opportunities for companies involved in the sector, both domestically and internationally.
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