The Electricity Market Licensing Regulation was amended with the
Regulation on Amending the Electricity Market Licensing Regulation
published in the Official Gazette dated 24 February 2017
("Amendment Regulation"). Among others, the Amendment
Regulation introduces changes with regards to renewable energy
resource areas "RERA", details for which are provided in
the Regulation on Renewable Energy Resource Areas ("RERA
Regulation"). As per the RERA Regulation, RERA will be
developed by the Renewable Energy General Directorate or through a
competition process. Such competition will concern connection
capacity allocation. Applicants will provide bids for the
connection area and connection capacity announced by the energy and
Natural Resources Ministry.
For example, the Amendment Regulation (i) indicates that the
duration of pre-licenses and generation licenses granted for RERA
may not exceed 36 months and 30 years respectively; (ii) separates
pre-license applications made by RERA from those made by other
entities aiming to generate electricity; (iii) provides the
procedures to be followed for RERA applications concerning
pre-licenses; and (iv) details the mechanism for changes with
regards to pre-licenses granted to RERA and their
The Amendment Regulation also broadens the exceptions for share
transfers of pre-license holding entities. Accordingly, the share
transfer restriction in the Electricity Market Licensing Regulation
will not apply in the following cases:
Direct and indirect shareholding changes among existing
shareholders provided that there is no change of control in the
shareholding structure of the relevant pre-license holder
In pre-license holding entities, where majority of the
shareholding is directly or indirectly owned by public authorities,
direct/indirect shareholding changes due to a share capital
increase or a change in shareholders, provided that there is no new
shareholder aside from public authorities/corporations
Direct and indirect shareholding changes arising from the
pre-license holder's and its direct/indirect shareholders'
buy back of their own shares within the scope of the Turkish
Direct and indirect shareholding acquisitions within the
pre-license holding entity, which arise from foreign sources (by
foreign legal entities or legal entities incorporated under the
Turkish Commercial Code and controlled by such foreign legal
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.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
Turkey's Energy Markets Regulatory Authority has determined procedures and principles for investments necessary to deliver natural gas to areas with populations over 20,000 which do not fall within licenses holders' current geographic license scopes.
Turkey's Energy Market Regulatory Authority has introduced principles for natural gas distribution license holders to determine tariffs, identify investments deemed to be network building expenditures, as well as upper limits for these investments.
On December 22, 2016, a dossier on the Draft Code of the Republic of Kazakhstan "On Subsoil and Subsoil Use" ("Draft Code") was submitted for consideration to the Mazhilis of the Parliament of the Republic of Kazakhstan.
Some comments from our readers… “The articles are extremely timely and highly applicable” “I often find critical information not available elsewhere” “As in-house counsel, Mondaq’s service is of great value”
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).