The Energy Investments Tracking and Coordination Board ("Board") has been established in Turkey. It was created within the action plan for Energy Production With Domestic Resources Program. Prime Ministry Circular numbered 2016/6 ("Circular") was published in Official Gazette number 29634 on 24 February 2016. The Circular outlines the Board's purposes and general working principles, as well as which ministries and institutions which have representatives on the Board.
The Board will follow, audit and coordinate the permissions and processes for public and private sector investments, as well as speed up the investment processes for:
- Lignite grounds which will be opened to the private sector.
- Electric production and transmission plants.
The Energy and Natural Resources Ministry Undersecretary will chair the Board.
If necessary, the Board is authorized to establish subcommittees, consulting and/or working groups. It can also invite representatives from related institutions and organizations, nongovernmental organizations, universities and the private sector to Board meetings.
The Board will determine its own working procedures and principles, as well as number of meetings annually. However, implementation of the Board's decisions will be overseen by the Energy and Natural Resources Ministry Energy Transactions General Directorate.
Please see this link for the full text of the Circular (only available in Turkish).
Information first published in the MA | Gazette, a fortnightly legal update newsletter produced by Moroğlu Arseven.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
