Turkish government has guaranteed to give incentives for using parts produced domestically by investors in the hydroelectric power industry
ANKARA – Turkey is now capable of producing all parts of its hydroelectric power plant without foreign dependence on manufacturing parts, said Hilmi Basturk, CEO of Turkish Electromechanics Industry Corporation (TEMSAN) in Ankara.
State-owned TEMSAN is to produce one of the most vital parts of the turbines, the waterwheel for hydro power plants for electricity production.
"The domestic production of these vital pieces are necessary and we wish to reduce foreign dependence in this technology," Basturk told Anadolu Agency.
Basturk emphasized that the Turkish government guaranteed to give incentives for using parts produced domestically by investors in the hydroelectric power industry. He added that the parts were of high quality and cheaper compared with foreign companies.
There are various governmental incentives for investment in renewable energy sources such as hydro, wind and solar power with around a 30 percent incentive given to hydro power, 35 percent to wind and 40 percent to solar power investments if the investors buy their building materials from TEMSAN.
Basturk also added that investors would benefit in the long run for accessing domestic supply-chains in the industry.
Basturk said that one megawatt generated from a Turkish hydroelectric plant costs around one million euro.
It is estimated that the investments in the hydro energy sector will reach 16 billion dollars by 2023.
Turkey has over 64,000 Megawatts (MWs) total installed electric capacity and it supplies 22,000 MWs of its energy demand from hydro energy. The Government aims to reach 36,000 MWs electricity capacity through hydro energy.
Copyright © 2014 Anadolu Agency