The sixth World Forum on Energy Regulation will play a critical role towards formulating energy regulations, according to head of Turkey's energy watchdog, EMRA.
The conference will be held in the Lutfi Kirdar International Convention and Exhibition Center in Istanbul and will run between 25 to 28 May to allow both domestic and international attendees to discuss recent developments in the energy sector. The 120 speakers and moderators at the forum, formally invited by Turkey's Energy Market Regulatory Authority (EMRA) were selected after 14 months of discussion.
The Anadolu Agency sponsored forum is intended to be a bridge between different markets, concerns and regulatory principles.
Mustafa Yilmaz, president of the EMRA, told Anadolu Agency on Friday that the organization will play a significant role in showcasing Turkey as a reliable partner for energy giants as well as an energy hub to connect continents together.
'The event is expected to gather regulators, specialists, academics and senior representatives of public, private and non-governmental organizations working in the field of electricity, energy regulation and the future of energy,' Yilmaz added.
Four main topics for discussion include;
1. Balancing the interests of shareholders
2. Regulation and sustainability
3. Benefiting from innovation
4. Ways to more rational regulation
According to Yilmaz, the forum will also hold high-level discussions on sustainable and reliable energy supply, as well talks on shared approaches to efficient and compatible regulatory systems not only within Turkey but in developing countries in the African continent.
One session will focus on the G20 summit under the presidency of the Turkish government which is due to take place in Antalya in the southeast of Turkey in November.
The relevance of the meeting can be seen given that the G20 - the international group of government representatives and central bank governors of 20 major economies - represent two thirds of the world's population and more than 80 percent of the world's economy.
By Gulsen Cagatay and Muhsin Baris Tiryakioglu