Business Monitor International


Turkey Power Report

Published 04 December 2014

  • 66 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Turkey Power Report

BMI View:   Ove rall, we maintain our view that   Turkey's position in the region as a key power market over the coming decade will get increasingly more important , accounting for nearly one- fifth of t he CEE's total capacity by 2023 .   Private investor interest in Turkey's power market is expected to continue to attract interest from a host of international companies and it has yet again maintained its position in our Power Risk/Reward Index (RRIs) as the most attractive market in CEE . T here is also considerable political backing for power sector expansion as the government continues to strive for greater energy security and to lessen its reliance on its import-heavy thermal electricity generation mix, which has already played a fundamental role in deepening Turkey's current account deficit.

Yet, while the outlook is bright, the development of Turkey's power sector is complicated by the county's precarious economic and political position. The need to reduce its reliance on foreign capital, narrow external deficits and rebalance away from private consumption towards more domestic saving and investment will necessitate a period slower trend growth. Although the government and central bank have clearly demonstrated an aversion to allowing rebalancing to play out through lower GDP growth rates in the medium term, we believe this is simply delaying the inevitable. Risks of a more pronounced and rapid fall in headline growth remain high in light of the deterioration in the global macroeconomic outlook for emerging markets that has seen investor confidence suffer and capital inflows dry up. As it stands, our country risk team forecast real GDP growth to be significantly slower over the next few years than the 9.0% average reading recorded in 2010-2011.

That said, we are retaining a cautious, but positive long-term view on the sector, based on the fact that finding a solution to existing energy-related imbalances is central to the performance...

Table of Contents

BMI Industry View
7
SWOT
9
Industry Forecast
11
Turkey Snapshot
11
Table: Country Snapshot: Economic and Demographic Data (Turkey 2013-2018)
11
Table: Country Snapshot: Economic and Demographic Data (Turkey 2018-2023)
11
Table: Country Snapshot: Power Sector
11
Turkey Power Forecast Scenario
12
Electricity Generation And Power Generating Capacity
12
Table: Total Electricity Generation Data And Forecasts (Turkey 2012-2017)
12
Table: Total Electricity Generation Data And Forecasts (Turkey 2018-2023)
13
Table: Electricity Generating Capacity Data And Forecasts (Turkey 2012-2017)
15
Table: Electricity Generating Capacity Data And Forecasts (Turkey 2018-2023)
16
Electricity Consumption
28
Table: Total Electricity Consumption Data And Forecasts (Turkey 2012-2017)
28
Table: Total Electricity Consumption Data And Forecasts (Turkey 2018-2023)
28
Transmission & Distribution, Imports & Exports
29
Table: Electric Power T&D Losses Data And Forecasts (Turkey 2012-2017)
29
Table: Electric Power T&D Losses Data And Forecasts (Turkey 2018-2023)
29
Table: Trade Data And Forecasts (Turkey 2012-2017)
29
Table: Trade Data And Forecasts (Turkey 2018-2023)
29
Industry Risk/Reward Ratings
31
CEE Power Risk/Reward Ratings
31
Table: Regional Overview
36
Turkey Power Risk/Reward Ratings
37
Rewards
37
Risks
38
Market Overview
39
Key Policies And Market Structure
39
Regulation and Competition
39
Sustainable Energy Policies
41
Pricing
42
Turkey Power Projects Database
43
Table: Major Projects - Power
43
Competitive Landscape
47
Regional Overview
50
CEE Power Regional Overview
50
Glossary
57
Table: Glossary Of Terms
57
Methodology
58
Industry Forecast Methodology
58
Sources
61
Risk/Reward Ratings Methodology
61
Table: Power Risk/Reward Rating Indicators
62
Table: Weighting Of Indicators
64

The Turkey Power Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering electricity generation (coal, gas, oil, nuclear, hydro and non-hydro renewables), electricity consumption, trade, transmission and distribution losses and electricity generating capacity.

The Turkey Power Report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing national and multinational operators by sales, market share, investments, projects, partners and expansion strategies.

Key Benefits

  • Use BMI's independent industry forecasts for Turkey to test other views - a key input for successful budgeting and strategic planning in the power market.
  • Target business opportunities and risks Turkey's power sector through our reviews of latest power industry trends, regulatory changes, and major deals, projects and investments in Turkey
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Competitive Landscape analysis.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis, covering power markets, regulatory changes, major investments, projects and company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the power sector, and within the broader political, economic and business environment.

Regional Overview

The Regional Overview provides a comparative context from within which one can assess the relative profitability of the power industry in a given country, incorporating BMI's country risk macro forecasts into our regional analysis. They also detail any relevant issues or events that might cause market fluctuations, as well as evaluate the impact of existing power infrastructure and fresh investments on the regional market.

BMI Industry Forecasts

The Industry Forecasts provide historic data series and forecasts to end-2018 for electricity generation (TWh) and electricity generating capacity (MW) for each individual power segment present in the country. These forecasts are in turn supported by explicit assumptions, in conjunction with analysis of the key risks to the main forecast. These in turn are broken down into:

Electricity Generation forecasts for Thermal, Coal, Gas, Oil, Nuclear, Hydro and Non-Hydro Renewables. For this section, we provide information on electricity generation (TWh), % growth year-on-year, KWh per capita, and the % of total electricity generation. The thermal fuels (coal, gas and oil) also have figures for their % of total thermal electricity generation.

Electricity Generating Capacity offers forecasts for the potential net capacity and net capacity growth % change year-on-year for the whole power industry. It also includes individual forecasts for capacity (MW), capacity growth % change year-on-year, and % of total capacity for Thermal, Nuclear, Hydro and Non-Hydro Renewables.

The section also includes historic data series and forecasts to end-2018 for:

Electricity Consumption, encompassing information on net consumption (TWh), net consumption growth % change year-on-year, and net consumption per capita (KWh).

Transmission And Distribution Losses, comprising predictions on Electric Power Transmission And Distribution Losses, (TWh), and Electric Power Transmission And Distribution Losses, % of Output.

Electricity Trade, offering historical figures for imports and exports and forecasts for net imports (TWh).

Market Overview

This section provides an overview of the industry landscape and key players; assessment of the business operating environment and the latest regulatory developments.

Risk/Reward Rankings

BMI's Power Risk/reward Rankings provide fully comparable rankings aimed at investors (power companies, services companies and equity investors) in the regional power market. The rankings methodology makes sophisticated use of various industry, economic and demographic data points and is part of BMI's integrated Country Risk-Industry Rankings products.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc