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Turkey has no large oil or gas reserves. The main indigenous energy resources are lignite, hydro and biomass.

The Government has embarked upon a comprehensive reform and restructuring program of the electricity sector over the last 5 years, with a view to creating a liberalized, efficient and economic sector.

Turkey is signatory to the Athens Memorandum, 2003 - the Memorandum of Understanding on the Regional Energy Market in South East Europe and its Integration into the European Union Internal Energy Market.

Turkey has set up an independent regulatory authority, the Energy Market Regulatory Authority (EMRA) with jurisdiction over electricity, petroleum and gas. EMRA has powers over licensing, tariff setting and customer service issues.

The reform also mandates the restructuring of the generation and distribution sectors, and introduction of competition and privatization of distribution.

Since this country has to adopt new, long-term energy strategies to reduce the dependence on fossil fuels, the development and use of renewable energy sources and technologies, and the improvement of energy efficiency, is increasingly vital for a sustainable economic development.

The Mid-size Sustainable Energy Financing Facility, or MidSEFF, will help Turkey in reducing its dependence on fossil fuels by financing private sector investments in mid-size sustainable energy projects (from 5 MW to 50 MW) of the following type:

  • Wind power project
  • Hydro power project (up to 40 MW)
  • Geothermal power project
  • Solar power project
  • Energy Efficiency project
  • Bio-Energy project