According to the Solar Energy Map (SEM) of Turkey prepared by Ministary of Energy and Natural Resources, it has been determined that the total annual insolation time is 2,741 hours (a total of 7,5 hours per day), and the total solar energy derived per year is 1,527 kWh/m2 per year (total 4,18 kWh/m2 per day).

Nowadays, two different technologies used very different forms and areas for production electrical energy from solar energy. Though solar energy technologies vary in terms of method, material and technological level, they can be divided in two major groups:

Photovoltaic Technology: Semi-conducting materials, which are also known as photovoltaic solar energy systems, convert the sunlight directly into electricity.

Photo-emissive Solar Technologies and Concentrated Solar Power (CSP): In this system heat is obtained from solar energy, and can be used either directly or in the generation of electricity.

Within the scope of Re-Zone competition which made tender in 20/03/2017, construction of a 1,000 MWe capacity solar power plant in Konya-Karapınar that will be one of the world’s largest solar power plants is proceeded. Moreover, the establishment of a factory where solar modules will be produced 60% local which will be used in the solar power plant and the establishment of R&D center be carried out in the field of solar energy is proceeded.

Source: Ministry of Energy and Natural Resources / link: https://www.enerji.gov.tr/en-US/Pages/Solar
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

According to the news of Hürriyet Daily News, Turkey’s day-ahead spot electricity market’s trade volume increased year-on-year by 17.17 percent in 2019, according to data provided by Turkey’s Energy Exchange Istanbul (EXIST) on Jan. 6.

The trade volume in the day-ahead spot electricity market, which EXIST has operated since 2015, registered at 40.85 billion Turkish liras in 2019 compared to 34.86 billion liras in 2018.

EXIST reported a transaction of 152.11 terawatt-hours in the day-ahead market in 2019.

The highest trade volume on a daily basis was recorded on July 9, 2019 at 176.49 million liras, while the lowest occurred on May 5, 2019 with 7.53 million liras.

Last year, the average electricity rate for one-megawatt hour in the day-ahead spot market was calculated as 260.32 liras.

On a monthly basis in 2019, the average number of participants in the day-ahead market totaled 771.

Turkey’s energy exchange company, which is responsible for managing and operating energy markets, including power and gas commodities provide counter-party guarantees in its transactions while ensuring equal access to all market participants.

Daily power consumption down 9.81 pct on Jan 5

Turkey’s daily electricity consumption decreased by 9.81 percent to 747,026 megawatt-hours on Jan. 5, according to official figures of Turkish Electricity Transmission Corporation (TEIAS) on Jan. 6.

Hourly power consumption peaked at 19.00 local time with 36,628 megawatt-hours, data from TEIAS showed. The country’s electricity usage dropped to its lowest point of 26,976 megawatt-hours at 05.00.

Total electricity production reached 743,242 megawatt-hours on Sunday, with a 10.31 percent decrease compared to the previous day.

The majority of the output came from imported coal plants with 195,185 megawatt-hours.

Natural gas and hydroelectricity followed with 184,884 megawatt-hours and 120,465 megawatt-hours, respectively.

On Jan. 5, Turkey’s electricity exports amounted to 5,104 megawatt-hours, while imports totaled 8,888 megawatt-hours.

Source: Hürriyet Daily News / link: http://www.hurriyetdailynews.com/spot-electricity-market-trade-volume-up-17-pct-in-2019-150652
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Source: TÜİK
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

There is a valid private power of attorney which is given by the old board members that are authorized to represent and bind.

Is it possible for me to represent the company with the power of attorney of old board members and the list of authorized signatures?

If I face any criminal action because of representing the company with this power of attorney, will the old board members be responsible? (The call center advisor said that the power of attorney has to be renewed in accordance with the Tax Procedure Law and the Law on Collection Procedure of Assets)

The company management does not have a ’private power of attorney.’’ The list of authorized signatures is the legal document. As long as the list of authorized signatures stays the same, all responsibilities continue.

Source: İSMMMO
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

1- HOW VOTING POWER IS CALCULATED IN LIMITED COMPANIES?
1.1- Voting power of limited companies is calculated according to join stock’s nominal par.
1.2- If higher amounts were not decided on corporate charters, each 25 Turkish lira gives righting vote.
1.3- However, corporate charters can restrict shareholders having more than one voting right.
1.4- Shareholder has at least one voting right.
1.5- If it is decided on corporate charter, written vote can be given.
1.6- Corporate charter can also issue voting right as voting right to each shareholder without depending on nominal par. In that case Shareholder’s minimum voting right cannot be less than the total voting right of the other shareholders.

2- IN WHICH CASES COMPANY’S PROVISIONS ARE NOT IMPLEMETED?
Company contract provisions are not implemented on the below mentioned conditions;
2.1- Auditors’ elections
2.2- Special Auditor elections for company’s management or auditing some departments of the company.
2.3- Making decision regarding opening a case

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Source: Turkish Trade Law
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.