Turkish energy market regulator extends deadlines for energy projects

Posted in COVID-19 Energy

The Energy Market Regulatory Agency (“EMRA”), with its decision dated April 2, 2020, provided some relief to the energy market amid the Covid-19 pandemic. Through granting a three month extension on certain deadlines which went into effect on or after March 10, 2020, all projects, including renewables, licensed or unlicensed, will be able to benefit from the extended periods.

Extended deadlines will apply to, among others, the following:

  • preconstruction and construction periods;
  • actions to be taken under an amended license or pre-license;
  • actions to be taken in relation to mergers or demergers;
  • completion of any missing information or documentation in a license or pre-license application; and
  • for unlicensed generators, connection agreements which expired or will expire on March 10, 2020, or at a later date.

Please see the most recent issue of the Project Finance NewsWire for an update on how regulators around the world have responded to the pandemic.

About

Turkey offers significant growth potential to international investors and developers, in addition to domestic businesses. Our understanding of the legal, economic and political landscape in Turkey is second to none and we understand that changes impacting your business can arise rapidly and vary significantly across the region.

Through Inside Turkey, we aim to keep you updated on domestic and international developments, as well as providing insights into how to navigate the current market across key industry sectors. Inside Turkey will also feature legal developments outside of Turkey that affect Turkish companies doing business abroad.

Blog Network

Topics

Archives