KDK’s Energy Team Contributes to The Energy Regulation and Markets Review: Turkey
As it did in 2015 and 2016, Turkey continues to take concrete steps to meet energy demands and to keep increasing the figures until 2023. In addition to relevant targets for electricity and natural gas, Turkey is also planning to enact a separate coal law, considering the specific needs of operating coal mines and the use of coal to meet energy demands. This shows that, while focusing on renewable energy investments, Turkey will continue to use coal as an energy resource in its energy strategies. All in all, Turkey aims to stop being an energy importer and start exporting energy in the coming years.…
KALO & ASSOCIATES Advised EBRD
KALO & ASSOCIATES advised the European Bank for Reconstruction and Development (EBRD) on a EUR 6 million loan that EBRD is providing to Union Bank Albania under the Green Economy Financing Facility for the Western Balkans.
For more information, please visit https://www.ebrd.com/news/2018/ebrd-lends-6-million-to-union-bank-to-boost-green-energy-investments-in-albania.html
KG Supported the 3rd SE Europe Hydrocarbons Upstream Workshop
The 3rd SE Europe Hydrocarbons Upstream was the topic of the successful workshop held on 30 – 31 October 2018 by the Institute of Energy for South-East Europe (IENE). The event was attended by professionals and dignitaries from all over the world. For more information, please click here.
Second Call by RAE for RES Tenders
Kyriakides Georgopoulos Law Firm discuss the Second Call by RAE for RES Tenders in their latest Energy newsletter. Three months after the conduct of the first round of the RES Tenders, RAE, by virtue of its draft for the Second Call for Tenders, proposed the terms and conditions for three Competitive Procedures for the submission of proposals by renewable power stations.
To read the energy newsletter, please click here.
KG Law Firm Advises SEVEN ENERGY AG
KG Law Firm advises SEVEN ENERGY AG on all legal issues arising from the RFP of PPC S.A. dated 31 May 2018 in order to become an Eligible Participant. The Megalopoli Divestment Business and the Meliti Divestment Business will be part of the legal due diligence of KG’s team. The firm is presently working on the operational aspects of the Divestment Business with a focus on CO2 emissions and the related regulations.
Special due diligence is required to address IED limits and BAT-AEL for the lignite power plants, which is a unique project in the legal industry as the only power plants fired by…
Licensing of a Gas Interconnector
KG Law Firm continues to support the sponsor of the infrastructure project related to the licensing of a gas interconnector between Greece and a neighbouring country, which is still pending before RAE (the Greek Regulatory Authority for Energy). The project is to be constructed as an Independent Gas Transmission System with private funds.
The firm has reached the last phase of the legal steps, which had required extensive support for the approval of the application since it relates to a major Gas Interconnector between Greece and a neighbouring country and KG member continues to monitor stakeholders’…
Offshore Wind Plant Project of 1,200 MW
The Renewable Energy Resource Areas project with the first wind plants to be constructed on the sea will be the first of its kind in the country. The Energy and Natural Resources Ministry of Turkey will accept applications for the wind plant until 23 October 2018.
The ceiling price for one megawatt-hour was set as USD 8. Applicants will compete for the lowest bid in a reverse auction. The investor submitting the lowest bid will sign an energy purchase agreement, including the first 50 terawatts-hour of electricity production starting from the first commissioning of the plant.
Privatisation of Coal Reserve and Energy Production Area
The Privatisation Administration has announced a public invitation for the participation in a tender for privatisation of Coal Reserve and Energy Production Area located in Eskisehir, owned by Elektrik Uretim A.S. through delivery of operating rights. The deadline for bidding is extended to 26 October 2018. The provisional security amount is USD 25 million.
Construction of a Photovoltaic Plant in Vlora
A project for the construction of the photovoltaic plant for the generation of electricity with installed capacity of 50 MW, as part of the Support Measures in the Akerni Zone (Vlora) and the construction of additional capacity of 20 MW up to 50 MW, which will not be part of the Support Measures, is in the pipeline. The duration of the project is estimated to be 30 years, with the right of renewal. The area where the project will be developed is the Akerni Area, Vlora Municipality, which is one of the most favourable areas with high solar radiation and a solar energy potential of more than 1600…
