Last week in Istanbul John Krenicki, President and CEO of GE Energy, was interviewed by Cnbc-e and Bloomberg HT. Here is an extract from the interview with Cnbc-e, followed by the link at the two interviews (in Turkish): Intro: ‘The rising oil prices are good for GE but if it exceeds $120 per barrel, this [...]

The European Bank for Reconstruction and Development, or EBRD, has launched a new financing facility to support Turkey’s investments in renewable energy and energy efficiency projects to increase energy savings and decrease carbon emissions. The new Mid-size Sustainable Energy Financing Facility, or MidSEFF, will help Turkey reduce its dependence on fossil fuels by financing private [...]

President Abdullah Gül has said Turkey is aware of its global responsibility on climate change and energy security. Speaking at a meeting of the Turkish-Swiss Business Council in Zurich on Friday, Gül said Turkey and Switzerland could cooperate on clean energy technology. He said Turkey attaches great importance to the development of recycled energy resources, [...]

As Turkey discusses how it can encourage the use of hybrid and electric cars, a shopping center in Istanbul has become the first in the country sporting a battery charging facility for such vehicles. The Carousel mall in the district of Bakırköy became Turkey’s first shopping center to offer the services of the “Full Charger” [...]

President of the Executive Board of Turkish Industrialists’ and Businessmen’s Association (TUSIAD) Umit Boyner said Wednesday that the reforms in (Turkish) energy sector could be possible by taking into consideration the views of the private sector which is expected to make an investment of 100 billion USD in the sector. Delivering opening remarks at a [...]

Investors in the Persian Gulf and private equity firms are seeking to buy power utilities in Turkey, where demand for electricity is expected to surge 6 percent a year until 2018, a partner at Deloitte said. Completed energy projects as well as planned investments are attracting interest, Sibel Çetinkaya, the partner in charge of the [...]

A total of 46 coal and hydroelectric power plants will be privatized in the near future, a senior energy sector spokesman said at a recent industry conference in Istanbul. Hasan Köktaş, president of the Energy Market Regulatory Authority, or EMRA, said at the 12th International Energy Arena on Oct. 14 that the times required further [...]

According to the statement Yıldız told European Investment Bank (EIB) President Philippe Maystadt that Turkey would have tenders for renewable energy producing licenses, worth around $20 billion, over the course of four years and that the EIB could make substantial contributions to it. He also thanked the bank for supporting projects in Turkey, the statement [...]

Güler Sabancı, Chairperson of Sabancı Group, one of Turkey’s largest conglomerates, said Turkey was an integral component of Europe’s energy securitySabancı said the greatest challenge of the century was the establishment of a global competitive and environment friendly energy policy. She said G-20 countries should be at the core of this policy. Underlining Turkey’s growing [...]

Most electric systems in continental Europe – including those in countries like Poland and Romania – have synchronized currents, allowing electricity to flow easily from country to country. But other nations, including Great Britain, Norway, Sweden, Finland and until now, Turkey, have remained separate.Turkey has been trying to connect for 10 years. Like Europe, it [...]