Turkey offers energy efficiency investment incentives
Communique implementing government assistance for investments in energy efficiency investments published Thursday.
ANKARA
A new communique implementing government incentives for investments in energy efficiency was published in Turkey's official newspaper Thursday, making the process legal.
The communique from the Economy Ministry regarding modifications for implementing government-supported incentives for energy efficiency investments was published in the country's official newspaper, allowing them to take effect.
Accordingly, rules for calculating energy efficiency percentages were determined, and they will be used during the evaluation of applications.
Energy efficiency percentages will be determined according to how many types of products are manufactured by a company.
If there is one type of product, then the energy consumption for one unit will be taken into consideration during evaluation of the incentive request. If there is more than one type of product being manufactured, the energy usage of the whole company will be factored into the calculations.
The fiscal year previous to the application date will be taken as the base year and the fiscal year following the written declaration of the completion of the project implementation will be taken as the control year.
The change in terms of percentage from the base year data to the control year data will be established for further consideration.
Qualifying investors will apply to the Energy and Natural Resources Ministry with the machine and equipment list necessary for investment after committing to the projected energy efficiency levels.
The Energy Ministry will refer the approved machine and equipment list and a relevant report to the Economy Ministry, after assessment in terms of energy efficiency.
An investment incentive document will be drawn up for the accepted projects by the Economy Ministry.
Once the investment is made, the Energy and Natural Resources Ministry will carry out an analysis on site. The findings will be submitted as a report to the Economy Ministry to determine whether the investment was adequate in meeting the predetermined standards.
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