Page 57 - TURKRptMar20
P. 57
The new programme will also apply feed-in tariffs although the figures will be different, especially for solar and wind power plants. Launched in 2011 to use the country's vast clean sources efficiently and support its development, YEKDEM offers a feed-in tariff of USD0.073 per kilowatt-hour (kWh) for wind and hydropower projects, USD0.105 for geothermal facilities and USD0.133 for solar energy and biomass geothermal plants.
The local content clause is expected to be preserved in the new post-2020 investment mechanism.
9.1.6 Metallurgy & mining sector news
9.2 Major corporate news 9.2.1 Oil & gas corporate news
● Tupras
Net profit at top Turkish refiner Tupras (TUPRS) declined by 86% y/y to TRY526mn in 2019 despite a 1% increase in turnover to TRY90bn.
Q4 profit at the company—Turkey’s largest enterprise by sales and owned by
57 TURKEY Country Report March 2020 www.intellinews.com
