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Monday, January 17, 2011

Lights Could go out on Turkey if New Law is Not Overturned -- LONDON, January 17, 2011 /PRNewswire/ --

"Lights Could go out on Turkey if New Law is Not Overturned

LONDON, January 17, 2011 /PRNewswire/ -- The lights could go out in Turkey as early as 2019 unless new tax on wholesale electricity companies is scrapped, the energy markets expert ICIS Heren warns.

Turkish energy watchdog EMRA has decided to slap a TRL 750m (Turkish Lira) levy on all wholesale companies to cover grid losses and theft."

More:Lights Could go out on Turkey if New Law is Not Overturned -- LONDON, January 17, 2011 /PRNewswire/ --