Investments in private energy sector in 2010 exceed 5 bln TL, Koktas says

Chairman of Turkey’s Energy Market Regulatory Authority (EPDK), Hasan Koktas, said Monday that "in 2010, investments in the private energy sector exceeded five billion Turkish Liras (TL) and these investments facilitated production of around 21 billion kilowatts of electricity".
In a press conference held at EPDK HQ in Ankara, Koktas said that energy facilities erected in 2010 had a total strength of 3,810 Megawatts (MW).
Based on the tariffs approved, investments worth a total of 6.8 billion TL will take place in the electricity and natural gas sectors in 2011. 5.8 billion TL of these investments would be private investments, Koktas said.
We will put into service private sector investments whose total power would exceed 2,000 MW in 2011. The share of renewable energy sources to be put into service in 2011 would exceed 50 percent, Koktas said.
Touching on electric cars, Koktas said that the regulation concerning electric cars in Turkey would be open to debates.
In reference to foreign investors, Koktas said that international investors, in general, do not want to be open to risks stemming from the Turkish legal system.
"Foreign investors, in the first stage, do not participate in tenders. They, mostly, get involved later in mergers or acquisitions," Koktas said.
Everyone wants to enter the energy sector. Yet entering the energy sector is not without controls. We have made it an obligation to provide bid bonds (in tenders). There is a serious control mechanism in the energy sector, Koktas also said.