7/22/2009

Turkey to account for more than 10 percent of regional power generation

Hurriyet Daily News - Turkey will account for more than ten percent of Central and Eastern European regional power generation by 2013, and will remain a net exporter of electricity to the neighboring states, according to Business Monitor International, a publisher of specialist business information on global emerging markets. Central and Eastern European power generation in 2007 was 2,053 terawatt–hour (TWh), an increase of 1.9 percent over 2006, said Business Monitor International in the new Turkey Power Report, which addresses industry strategists, service companies, company analysts and consultants, government departments, trade associations and regulatory bodies. Turkish thermal generation in 2007 was around 147 TWh, accounting for 11.36 percent of the regional total, whereas in 2013, it will account for 13.73 percent of thermal generation. For Turkey, gas was the dominant fuel in 2007, accounting for 31 percent of the primary energy demand (PED), followed by oil at 30.6 percent, coal at 30.5 percent, and hydro at 7.9 percent. The country's power consumption is expected to increase from an estimated 147.8 TWh in 2007 to 176.7 TWh by the end of the forecasted period, while exports are foreseen to rise from an estimated 43.1 TWh in 2007 to a forecast 96.7 TWh in 2013, assuming 6.5 percent annual growth in electricity generation. Between 2007 and 2018, Business Monitor is forecasting an increase of 72.5 percent in Turkish electricity generation – a rate which is near the top of the range for the CEE region.