Industry insiders agree that Turkey’s
liberalising energy market is an investment opportunity not to
be missed. However, ambiguity surrounds the final financing
"A substantial amount of money is needed to fund the
country’s power needs," said London-based
Agnieszka Klich of Chadbourne & Parke. "Even if there are
risky elements related to the investment today," she added.
Project finance in Turkey is not without difficulties and
many are wondering whether the financing will move towards the
fully non-recourse structure seen in other countries.
At present, Turkish banks are unwilling...