ENERGY BUSINESS COUNCIL

SECTORAL CONSULTATION MEETING WITH ALPARSLAN BAYRAKTAR, DEPUTY MINISTER OF ENERGY AND NATURAL RESOURCES IN THE PANDEMIC PROCESS, APRIL 22, 2020

Deputy Minister of Energy and Natural Resources, Alpaslan Bayraktar, with the members of the DEIK Energy Business Council consulted the sectoral issues during the epidemic through the videoconference system.

DEİK President Nail Olpak stated that 146 Business Councils operating under DEİK continued their activities without any interruption digitally. DEIK gathered and conducted periodically evaluate the information, suggestions and problems of businesses, counterparts and its members. Pointing out that there will be much larger bills to stop the works and life completely, Olpak shared with the members that they adopted the principle of not suspending business and daily issues.

Energy and Natural Resources Deputy Minister Mr. Alparslan Bayraktar shared the measures they took during the epidemic and their evaluations regarding the current agenda. Emphasizing that they appreciate the efforts of the staff working in the sector, especially in the field and power plants, and are ready to provide all kinds of support. Mr Bayraktar also stated that they predicted that the effects of the epidemic and the recent oil price shock will extend to 2021. Addressing the decision to postpone utility bills by considering social balances in order not to reflect electricity prices to the society as much as possible, the Deputy Minister said that they had to pay attention to other elements of the system while providing convenience to the small consumer. Mr Bayraktar, who shared that they are considering different alternatives in this regard with the Ministry of Treasury and Finance, emphasized that access to finance will be a critical issue in the new period after the epidemic and answered the questions of the members.

EFFECTS OF POSSIBLE INTERNATIONAL SANCTIONS ON ENERGY SECTOR, 19 DECEMBER 2019

The effects of possible US sanctions and recent policies on the energy sector and opportunities in the region were evaluated with Quatro Consulting Managing Partner Mr. Gökhan Taymaz.

TURKEY - CHINA COOPERATION POTENTIAL FOR ENERGY SECTOR, AUGUST 27, 2019

Energy Business Council members and Power China Eurasia VP Mr. Yang Fan exchanged ideas for possible cooperation of the companies of the two countries. Highlights of of Mr Fan's presentation;

China has many companies that have large cross-border investments.

These companies, administratively supervised by the central government or state governments, have a number of investment assessment processes. Economic and political constraints are taken into account, as well as strict investment evaluation, investigation and approval procedures. Although the process is prolonged, the process accelerates after the investment decision is made.

Chinese private sector companies are also very active in overseas investments. Although they act aggressively, the profitability constraint is an important consideration. It is observed that they give up opportunities that are not considered suitable for profitability compared to state companies. Large-scale projects are more preferred, but the risk preference is conservative and requires a government-sponsored subsidy policy (such as PPA or FiT) for investment.

Government-owned companies have stronger financing capacity and financing preferences with the Chinese financial institution and SINOSURE

ICCI 2019 – DEİK ENERGY DIPLOMACY PANEL, MAY 28, 2019

ICCI 2019 International Energy and Environment Fair and Conference, which was held for the 25th anniversary this year with the theme of "Transformation and Change in Energy", took place at Istanbul Congress and Fair Center 28-30 May.

ICCI 2019, where the public and private sector jointly discuss the present and future issues of energy sector, hosted many private sessions. As DEIK Energy Business Council, "Energy Diplomacy" panel was moderated by the Vice Chairman Mr Birol Ergüven. The panel was attended by Council member Power China Eurasia VP Mr Yang Fan and Karadeniz Holding Director Mr Emre Durmuşoğlu. Other speakers who participated in the panel was VP of EBRD Turkey Ms. Sule Kılıç.

New investment opportunities offered of Turkey's energy market to foreign investors and financiers were discussed during the panel. In addition, alternative markets (Far East & Africa) and potential investment areas for the Turkish energy sector were shared with guests based on the experiences of the speakers.

UK EXPORT FINANCE ENERGY SECTOR COLLABORATIONS EVENT, MAY 16, 2019

Mr Özgür Kutay, Chief Representative, Turkey, Eastern Europe, and Central Asia at UK Export Finance, introduced Council members and examples of cooperation and alternative financing models for third countries. UK Export Finance supports, which are basically collected under three main headings, are listed as investment guarantees, direct financing and insurance. In the projects, which the institution found sufficient in terms of legislation in different geographies such as Iraq, Angola, Egypt, and Tanzania, various supports given to foreign companies were introduced to the members.

ASIAN INFRASTRUCTURE DEVELOPMENT BANK (AIB) TURKEY INVESTMENT CONFERENCE, MARCH 29, 2019

"Turkey Investment Conference: sustainable infrastructure for a better future" conference DEIK Sectoral Business Council hosted in corporation with Turkish Republic Treasury and the Ministry of Finance and the Asian Infrastructure Investment Bank (AIIB) was held in Istanbul on March 29, 2019. At the conference attended by Bülent Aksu, Deputy Minister of Treasury and Finance, Nail Olpak, DEİK President and Joachim Von Amsberg, Vice President of AIIB, the main opportunities for energy, transportation & city infrastructures and supply issues were discussed.

"Asian Infrastructure Investment Bank is a valued partner for Turkey"              

Bülent Aksu, Treasury and Finance Deputy Minister, stated that they have been meeting with AIIB officials since last Wednesday and that they are evaluating potential projects and areas and this conference will create a platform for the Turkish private sector. Recalling that AIIB was founded in 2016 and is the youngest multilateral investment bank in the world, Aksu stated that the bank has 93 members. The bank within three years, all the major rating agencies, winning the triple A rating expressing himself proved Aksu, "aııb the slogan" Lean, clean and green. "Valuable partner for Turkey since the Bank's organization. Turkey, the bank's tenth largest in terms of capital shares is a member. Turkey, $ 800 million is the third largest recipient of two projects with the bank. AIIB the day it was established and has approved 35 projects since its members have pledged 7.5 billion dollars, "he said.

"Large energy investments are needed"

Expressing that the demand for infrastructure is high in the Asian region, Aksu said, "According to the Asian Infrastructure Investment Bank, the infrastructure financing gap in Asia is approximately $ 459 billion per year. Turkey, economic, social and political role model in their region properties. At the point where the intersection of three continents, Turkey is also a major transportation corridor. We have also completed many mega projects that have a regional impact in the past 16 years. Turkey, for large infrastructure investments in the medium term will continue to offer great potential, "he said. Stating that there will be 3 meetings in the fields of energy, transportation and tender, Aksu said, "Big energy investments are needed. There are many clean energy projects in Turkey. Turkey has completed the transportation mega-project for the last 17 years. The Turkish private sector has the capacity to provide quality and quality service. AIIB is considering financing some projects. "

"Turkey is an investment center with a solid infrastructure"

Activities occasion of the Asia Pacific countries with a way for Turkey's future plans, maps indicating they would try to draw DEIK Nail Olpak "Turkey, between Europe and Asia" transcontinental bridge "takes on the task and also can play an important role in the region," he said. Turkey robust infrastructure, and a large domestic market of young, educated and productive workforce, liberal and reformist investment climate and investment center with close proximity to the emerging region "made the assessment. Turkey in recent years, especially the ability of infrastructure investment and potential showed that expressing Olpak "3.Havalim new, renewable energy projects, city hospitals, the BTC pipeline, Kars-Tbilisi-Baku for major projects such as rail, especially public-private partnership (PPP) models we have the ability to build. It is very important that Turkey's presence and the coming together here today, I believe we should work to develop these assets for our mutual benefit, "he said.

"The region may be an important investment place for the Turkish energy sector"

Stating that the Belt and Road project, which is important for the region, is closely followed by everyone, Olpak said: "Asya Infrastructure Investment Bank and alternative financial resources are very valuable and important. As DEIK, we want to improve our institutional capacity in the Turkish private sector and improve our relations with the region, as we do now, especially to improve our corporate network in finance. Apart from China, Turkish companies have an increasing economic interaction with India, Vietnam, Thailand, Bangladesh, Indonesia and Malaysia in recent years. Our strong construction and infrastructure sector can develop new missions in these countries. We also witnessed the first steps of Turkish energy companies in the region. The high population and the growth potential of the region can be an important investment place for the Turkish energy sector. aııb financing for projects which Turkey is included reaching about 1.4 billion dollars and 100 million dollars is currently evaluating an investment in the country. Turkey's Industrial Development Bank (TSKB), sustainable energy and infrastructure lending facility that Salt Lake underground gas storage facility, the Trans-Anatolian Natural Gas Pipeline Project (TANAP), some are important examples of AIIB projects in Turkey. "

 "AIIB finances 36 projects in 13 countries for $ 7.6 billion"

"Investing in infrastructure is a way to shape the world of tomorrow, so we think infrastructure is very exciting," said Joachim Von Amsberg, Vice President of Asian Infrastructure Investment Bank (AIIB). Stating that infrastructure investment is very important for economic and social development, Amsberg said, "Banks have traditionally been one of those offering financing to facilitate infrastructure investments." Reminding that AIIB is a 3-year bank established in 2016, Amsberg noted that the bank financed 36 projects in 13 countries for 7.6 billion dollars. Emphasizing can work together to overcome the challenges of infrastructure in Turkey Amsberg, "We have seen tremendous needs and opportunities in Turkey. We are here to make investments in Turkey and support. In Turkey, energy, transport and urban infrastructure procurement issues and will deal with you throughout the day in both the public and private sector projects here, "he said. Turkey's aııb'n the 3rd transfer that a major investment market Amsberg said the approval of $ 800 million for two projects in Turkey.

After the opening speeches, the Asian Infrastructure Investment Bank shared information about their activities in Turkey and the energy, transportation and infrastructure & cities was conducted in panel supply issues. Hakan Yıldırım, Chairman of DEİK Energy Business Council, stated that a new breath is essential for the region and the Turkish energy sector in the search for alternative financing, and he hopes that the increasing interaction with the recent AIIB will be crowned by new investments.

TURKISH - GERMAN ENERGY FORUM, OCTOBER 26, 2018

The second meeting of Turkish-German Energy Forum, organized as part of the official visit of the German Minister of Economy and Energy Peter Altmaier, was held in Ankara on October 26, 2018, in the organization of the Foreign Economic Relations Board (DEIK) hosted by the Ministry of Energy and Natural Resources.

Turkish and German business representatives that met the Forum; T.R. Energy and Natural Resources Minister Fatih Dönmez, Germany Economy and Energy Minister Peter Altmaier, DEIK President Nail Olpak, DEIK Turkey-Germany Business Council Chairman Steve Young and DEIK Energy Business Council Chairman Murtaza Ata, E.ON Chairman Johannes Teyssen and more than 400 Turkish and German business community and officials.

The energy potential of cooperation between Germany and Turkey for the implementation of a letter of intent was signed between the ministries of the two countries. Stating that the work in the fields of cooperation included in the letter of intent will continue rapidly and result-oriented, Minister Dönmez said he believes that the bilateral cooperation that reaches a certain level will further develop. The importance of the geopolitical position of Turkey's growing "Europe's energy supply security starts from Turkey" thesis said that reinforce each passing day.

German Economy and Energy Minister Peter Altmaier said that Germany is a leading country that produces energy. Altmaier, other countries will continue to use nuclear energy and security that requires great expertise in this subject, Germany's cooperation with Turkey could be done, he said. Emphasizing that energy consumption and economic growth should progress in a correlation, Altmaier said that Germany is going through a transformation process and that they want to move from lignite and coal to renewable energies. Altmaier said that they are working on renewable energy laboratories in Germany and that they aim to form working groups in these fields. Altmaier indicated that it is ready to cooperate with Turkey and German governments and said "This relationship must build networks around, we must consider very concrete projects. We have to discuss the framework conditions. We want to make the next forum in Berlin. I jumped in Turkey difficult economic conditions, we had some problems but we must look to the future".

DEIK President Nail Olpak said that, President of Turkish Republic Recep Tayyip Erdogan, a month before the visit to Germany, recalling that they met with top executives of the German business, voiced agreed is done in Turkey similar foot of the same meeting. Olpak, highlighted German firm's investments made in Turkey and said that German companies' experience for many years in Turkey, were satisfied both of the parties in many aspects.

As a company operating in the energy field and try to differentiate future of the industry from fossil fuels to a greener environment, E.ON Chairman Johannes Teyssen said, "In this sense, there are opportunities in Turkey and Germany. We can win our independence from fossil fuels," They work with Sabanci Holding in Turkey and noted that they invest up to 11 billion USD. Mr Teyssen, drew attention to the importance of incentives. Teyssen pointed to the importance of re-creating an environment of stability and trust.

Following the opening speeches, "MoU" between Energy Minister Fatih Dönmez and German Economy and Energy Minister Peter Altmaier, "Cooperation Protocol" between Jesder and BVG, "Cooperation Protocol" between Mapso Energy and Geothermal Group, and "Intention between Cooperation" between TEMSAN and Siemens were signed.

BUSINESS LUNCH WITH THE MAURITANIA MINISTER OF OIL, ENERGY AND MINES, APRIL 25, 2018

Upon the request from the Ministry of Energy and Natural Resources of the Republic of Turkey, a business lunch with a limited participation was organized with the Minister of Oil, Energy and Mines of the Republic of Mauritania, Mohamed Abdel Vetah. Ministry of Energy and Natural Resources General Manager of EU and Foreign Relations Safa Uslu and Eti Maden Deputy General Manager Abdülaziz Ünal also joined the meeting with DEIK members.

The meeting continued with the introduction of Mauritania's mining and energy plans, after the parties introduced themselves and their institutions. In this context, the country is in a significant breakthrough, especially in terms of electricity generation from solar energy. For solar energy target price is 5.5 cent $ / kwh. Apart from this, the idle cycle natural gas power plants in Turkey and also as a practical solution may be to use HFO power plants. Turkish companies may operate especially in the country, which is rich in iron, gold and copper mineral deposits. The first project to be considered as a priority in the new period is the upstream project of the newly discovered natural gas deposit and partnerships with foreign investors are planned.

MEETING WITH CHAD ENERGY MINISTRY, FEB 20, 2018

The meeting started with the introduction of DEIK President Nail Olpak and Chad Energy Minister Bechir Madet with the presentation of the participants and continued with the presentation of Murtaza Ata, Chairman of Energy Business Council.

DEIK & IICEC & RAPIDIAN GROUP BUSINESS DINNER GLOBAL PETROL & GAS MARKETS, FEB 1, 2018

US-based Rapdian Group President Robert McNally attended the working dinner held in collaboration with Sabancı University Istanbul International Energy and Climate Center (IICEC) and DEIK Energy Business Council. McNally, who was also a US White House energy advisor at the G.Bush era, shared his thoughts on the future of oil and oil prices. He pointed out that the sudden increases and decreases in prices in recent years are expected to continue in the coming years, while the short-term stable prices should not mislead investors. He stated that electric cars could not be integrated into our lives as much as claimed in the short and medium term.

He shared the opinions of the Turkish oil and gas company executives who participated in the limited participation meeting on a regional and local scale. IICEC Director Professor Carmine Difiglio shared its intention to continue new collaborations with the Energy Business Council in 2018 with the members.

MEETING WITH THE ENERGY SAFETY DEPARTMENT OF THE JAPANESE MINISTRY OF FOREIGN AFFAIRS, JAN 16, 2018

In the meeting between the Japanese delegation and the Energy Business Council, chaired by Mr. Misako Takahashi, Director of the Economic Security Division of the Ministry of Foreign Affairs of Japan, and Istanbul Consul, Mr. Norio EHARA, the latest energy sector developments of the two countries were discussed and mutually consulted.

What kind of cooperation can be developed especially in the third countries such as Japan's sensitivity on regional energy security, electricity legislation of two countries and the continent of Africa has been discussed. Deputy Minister of Energy and Natural Resources, Alpaslan Bayraktar, with the members of the DEIK Energy Business Council consulted the sectoral issues during the epidemic through the videoconference system.

Sudan Energy Delegation Meeting, August 21 2017

The meeting started with a presentation by Yalçın Kıroğlu, Vice-Chairman of the Energy Business Council, following the introduction of the participants of the parties. Current institutional capacity of the energy sector in Turkey was shared with the Sudanese delegation.

Sudan delegation head Musa Abu Elgasim, Undersecretary of the Ministry of Irrigation and Electricity, in general, confirmed the DEIK's analysis of Sudan and stated the potential for natural gas conversion plants. Apart from gas power plants, Sudan's solar and wind potential is also high. Feasibility studies of many HEPPs have been completed and it has been emphasized that the projects are open to enthusiastic investors.

Sudan power plants and distribution companies are under the control of the municipality. Turkish investor and council member Aksa's investment was the first privately funded project. Head of delegation Elgasim stated that Sudan is open to different investment and financing models. The delegation plans to complete the planned projects for a period of 3 years (Khartoum, Port Sudan, North Sudan, Darfur-1000 MW) on the on-grid solar energy category. The delegation stated that Sudan government encourages equipment manufacturing in the country for irrigation, off-grid and mini-grid solar projects and water transport systems. It is stated that the subsidized electricity tar- get is around 7-8 cents / kWh, but the subsidies will be gradually phased out.

The use of high amounts of animal stocks and other wastes has made it possible for renewable investments such as biogas in Sudan. The delegation stressed that the country could develop new partnerships with interested Turkish PV producers with their rich in silica sand reserves.

Djibouti Energy Delegation Meeting, July 14, 2017

The delegation headed by Djibouti Energy Minister Sayın Yonis Ali Guedi and the Energy Business Council members held a meeting in Istanbul Levent / River Plaza. The recent developments in the Djibouti energy sector were evaluated and opportunities for Turkish investors were introduced by the delegation.

The Sub-Saharan Africa Energy Investment Assessment Workshop, May 10, 2017

The sub-Saharan Africa Energy Investment Assessment Project's outputs which was completed at the beginning of the year was presented on May 10, 2017 with the introduction of Business Council President Yücel Özden and Vice President Yalçın Kıroğlu. Representatives of Ministry of Energy and Natural Resources (Mr Safa Uslu, General Manager of Foreign Affairs and EU), Ministry of Economy, Eximbank and Ziraat Bank also participated to workshop which was held in Istanbul / River Plaza on May 10, 2017. The members of Energy Business Council and the mutual views of public institutions were consulted during the session.

The project aims to analyses the capacity of Turkey's energy sector players in the sub-Saharan African countries (Guinea, Ghana, Ivory Coast, Sudan, Somalia, Ethiopia, Kenya, Tanzania, Madagascar and Uganda). It is aimed to analyze renewable and micro grid investments and to identify project-based examples that can focus on this region with the energy supply potential within the competencies of Turkish energy companies. DEIK Energy Business Council took the initiative in this point and decided to investigate detailed project examples and investment models related to the countries that its members will focus on in the new period in coordination with the Ministry of Energy and Natural Resources. Considering the general competencies of the Business Council member profile, emphasis has been placed on analyzes of renewable energy investments. Top-level analyzes have also been conducted in oil, natural gas and mining sectors in selected countries. The workshops and analyzes that have been carried out have been presented with a road map supported by case studies from global companies that have proposed the potential technology and possible moves.

DEİK Enerji Çalıştayı, 26 Ocak 2015, Conrad Otel İstanbul

DEİK Enerji İş Konseyi’nin düzenlediği DEİK Enerji Çalıştayı, 26 Ocak 2015 tarihindeİstanbul Conrad Otel’de gerçekleştirilecektir. Çalıştayda, küresel enerji sektörü fırsatları ve Türk enerji sektörünün bu fırsatlarla örtüşen güçlü yanları değerlendirilecektir.

Sektörün önde gelen oyuncularının bir araya gelmesi için önemli bir zemin oluşturacak Çalıştay oturumlarında yurtdışı yatırım fırsatlarının Türk firmaları tarafından nasıl değerlendirilebileceği ve özel sektör için nasıl bir yol haritası çizileceği tartışılacaktır. Açılış konuşmasını gerçekleştirmek üzere T.C. Enerji ve Tabii Kaynaklar Bakanı Sn. Taner Yıldız’ın çalıştaya teşrifleri öngörülmektedir.  

Sözkonusu çalıştaya katılmayı arzu eden üyelerimizin ekli katılım formunu doldurup banka dekontuyla birlikte 20 Ocak 2015 Salı günü mesai bitimine kadar DEİK’e (iletişim: energy@deik.org.tr) iletmeleri gerekmektedir. Çalıştayda yer kapasitesi sınırlı olduğundan kayıtlar başvuru sırasına göre kabul edilecektir.  

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