WE WILL START A NEW PROCESS RELATED TO STREET LIGHTING

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Minister of Energy and Natural Resources Berat Albayrak, 9. At the opening of the Energy Efficiency Forum and Fair, he made a presentation on the National Energy Efficiency Action Plan.

Albayrak explained the objectives under the plan and how to implement them, saying that energy efficiency is an important building block of the National Energy and Mining Policy and that they have started a new process with this presentation.

– Domestic LED conversion

Albayrak, who shared the information that there are currently 7.5 million street lighting in Turkey, said: "The target we have set by 2023 is to realize a transformation of up to 30 percent and the annual savings amount of this transformation are 180 million LIRA. Between 2023 and 2033, this figure increases to 600 million liras. How are we going to make this happen? That's the critical point. There is a serious market, a serious margin, a serious demand for market transformation. We will demonstrate the economics of this business based on the demands of distribution companies, regulatory authority, the public and citizens in this regard. We will present the economic market that will be formed here with the YEKA model. YEKA has indeed been a very successful model in terms of domesticity, procurement guarantee, elimination of risks, providing domestic employment and developing alternative sub-industry. We will present a similar model in street lighting transformation. And we're going to do it in a way that everybody wins. For distribution companies, the performance criterion will also be important here. Thus, consumption will fall, imports will fall, domestic production will increase. There will be serious potential for R&D and technologies to develop. Starting today, we will move towards the goal with the responsibility that all stakeholders will fall on. We call it 'Conscious Consumption Efficient Energy for Strong Turkey'. I will personally pursue this as a minister."

Albayrak stressed that Turkey is not a country rich in energy resources and needs a strategic vision to stand out from the growing countries and become one of the first league countries, so energy efficiency is of great importance.

Noting that Turkey has a serious distance to go in order to consume less energy and achieve higher efficiency in the value-added product, Albayrak said, "The increase in energy consumption alone does not mean anything. At the same time, your energy intensity needs to increase so you can make it to the majors. When we look at both the world, the European Union and developed countries, we see that we need to take energy density to a serious point."

Albayrak reminded that the National Energy and Mining Policy, which they announced in order to reach a more prosperous society, consists of three main pillars: security of supply, domestication and predictable markets.

At this point, albayrak emphasized that both sustainable development and competitive and green growth should be demonstrated, and explained the achievements under the action plan as follows:

"By 2023, there is an investment of $10.9 billion. It is very important for us to use our resources as little as possible and get a more competitive private sector so that this process can be win-win. This means 66.6 million tonnes of carbon emissions reduction, with energy savings equivalent to 23 million tonnes of oil and savings of up to 14 per cent of primary energy consumption. By 2023, 20,000 jobs will be created and we will be free of the obligation to invest $4.2 billion in a power plant. Thus, the National Energy Efficiency Action Plan will result in a total savings of $30.2 billion by 2033."

– Loan installment with savings income

Albayrak pointed out that housing and industry have an important role in the objectives under the action plan.

Albayrak stated that there is work for all sectors in these areas.

"Today we will explain these areas in a concrete way and follow them. By 2023, 1.7 million homes will be transformed, saving $1 billion. This savings increases to $10 billion when we take into account the 20-year lifespan of thermal insulation. Thermal insulation pays for itself in 5 years in its 20-year lifespan. We're talking about an investment that contributes to the pockets of citizens over the next 15 years. Thermal insulation provides a reduction of up to 40 percent in the heating bill. Here, we will put forward a more competitive program with our financial institutions, not in consumer credit. We will create a low-interest model where installments can be paid with the income from the invoice savings."

Albayrak stated that the targets under the action plan were set with the idea of "low cost, high competitiveness", and explained that with these targets, savings will reach $10 billion in the industry with the largest share of energy consumption with 32 percent after housing.

On the other hand, Albayrak pointed out that the Credit Guarantee Fund will provide a support of up to 10 billion liras to the industrialist, and said that the recycling period of the efficiency investments made by the industrialist is calculated as 3-4 years.

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