23 06 2016Study: Turkey, in Buildout of Lignite-Fired Power Plants, Is Putting Its Economy at Risk
Current Strategy Relies on Subsidies, Undervalues Renewables, Hurts Competition, Stands to Raise Electricity Rates 19-29%, Increases Odds of Default and Stranded Assets
A report published today by the Institute for Energy Economics and Financial Analysis (IEEFA) concludes that Turkey is at risk of making an historic error in energy policy by investing heavily in a new fleet of lignite-fired electricity plants.The study, “Turkey at a Crossroads: Invest in the...
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