Page 101 - TURKRptOct19

market.
Netflix serves 1.5mn subscribers in Turkey and to date only reaches about 10% of the country's broadband households, the company said, making the Turkish market a potentially important and lucrative source of new subscribers as competition mounts.
As part of obtaining the licence, Netflix is to set up a local entity and pay 0.5% of revenue generated in Turkey to the government. The company pays similar levies in Spain and Italy, according to Reuters.
To date, Turkey has not attempted to censor Netflix content, a source familiar with the matter told the news service.
Turkey's new regulation stipulates that content providers should get a fresh licence to continue operating in Turkey, and comply with RTUK guidelines. If a provider did not respect the guidelines, they would be given 30 days to change their content, or face having their licence suspended for three months and later cancelled. The announcement last month, however, did not specify what standards RTUK would expect.
Critics have said that the move will allow the government to further tighten its grip on Turkish media, which is largely owned or controlled by supporters of President Recep Tayyip Erdogan and his ruling AKP party.
9.2.8 Utilities corporate news
● Enerjisa
Enerjisa, a joint venture between local conglomerate Sabanci Holding and E.ON, is engaged in electricity production and distribution. It sells electricity to some 10mn customers in the Turkey’s 14 provinces.
● Others
On September 2, local business daily Dunya reported that South Korean energy group Hanwha was exiting the Turkish market by selling its companies following the termination of its partnerships with Turkey’s Kalyon Group.
Russia’s Rosatom said on September 6 it has won a licence to start building the second of four planned nuclear reactors in Akkuyu, Turkey. Turkey will boast its first nuclear power station thanks to the $20bn project to build four Russian-design nuclear reactors in Akkuyu on the Mediterranean coast.
Turkish company Guris Construction and Engineering Co. Inc. is going to construct the largest wind farm in Belarus.
Belarus has already raised around $40mn for the project. The wind farm with the capacity of 25 MW should be constructed near the village of Veleshkovichi, in the Liozno district of the Vitebsk region, according to the Belarusian Natural Resources and Environmental Protection Ministry.
The wind farm will supply energy to over 20,000 households in the district. Minsk believes that the Turkish investor will be able to prepare detailed design documentation by late 2020.
A 32.4MW wind power plant built by Turkey’s Guris Holding in Ukraine’s Ovidiopol region has gone operational.
The power plant, which is the first investment in Ukraine’s energy sector by a Turkish company, cost €55mn.
101 TURKEY Country Report October 2019 www.intellinews.com