With a rapidly rising call for energy and an awarding investing incentive program in place, Turkey provides foreign energy companies with hard-to-miss deals in one of the most auspicious emergent countries. Recently, South Korean LPG specialiser SK Gas and Portuguese energy company EDP have both visited Turkey’s Energy Markets Regulatory Authority (EMRA) office in Ankara, looking for investing chances in the country’s profitable energy market.
Channelised by Investment Support and Promotion Agency of Turkey (ISPAT), SK Gas has set Turkey under microscope for its ever-increasing LPG usage, a field the company excels in. Company administrators visiting EMRA Head Hasan Köktas for a briefing on the country’s LPG market, declared that SK Gas is seeking an active positioning in Turkey. A division of South Korea’s 3rd biggest industrial conglomerate SK Group, SK Gas is looking for getting into the Turkish market through an M&A or through a direct investing, according to the company officials. The SK Group has recently signed a strategic partnership and cooperation agreement with Turkey’s Dogus Holding to center on a number of sectors like ICT, energy, infrastructure, media and tourism in Turkey.
Other probable candidate to make an investment in Turkey’s energy market is EDP of Portugal, which showed concern in tapping Turkey’s huge wind energy potential. The 4th biggest wind energy producer in the world is now seeking new chances outside the Iberian Peninsula, according to company officials who visited EMRA. Turkey’s development potential, high dependency on foreign energy and willingness to increase local energy production has directed EDP to look into investment opportunities in the country, sources break
