Rapid privatisation of Turkish electricity market
04 April 2016
The Turkish electricity production market has gradually become privatised in recent years. This far-reaching development has paved the way for state-owned companies to enter the free market. Turkey has also experienced an influx of new entrants in the market, comprising both domestic and foreign investors.
This has implications for the existing power plants in Turkey, each of which must be insured. Moreover, new plants to be constructed both now and in the near future will, of course, also have to be insured.
It is therefore not surprising that Swiss Re, one of the world’s largest reinsurers for this industry, is particularly active in the Turkish market. Our branch in Istanbul is supporting Swiss Re in its risk assessment of a number of plants.
Riskonet is also active in the Turkish electricity production market in a different way, namely that we carry out the environmental due diligence for financers of new plants, such as İş Bankası, Garanti Bankası, Yapı Kredi Bankası and Akbank.
By Özlem Emgen
Managing Partner at Riskonet