Energy investments to be closely monitored

The government has formed the Energy Investments Monitoring and Coordination Committee to coordinate and supervise the investments that will be made with the objective of ensuring the contribution of domestic resources, particularly coal, to the economy.

According to a prime ministerial circular that was published in today's Official Gazette, the committee, which will be overseen by the Undersecretariat of the Energy Ministry, will contain senior representatives from other ministries, the Undersecretariat of the Treasury and public institutions. The representatives must be serving as either general managers or vice presidents.

The committee will undertake the tasks of monitoring authorization supervision and coordination processes in the public and private sectors' investments, as well as accelerating investment processes in all production and transmission facilities, including those that will be built on lignite coal fields to be opened to the private sector and sold by bidding through a royalty method.