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NEWSLETTER 2011
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corresponds to the 20% of the total investment amount set forth by the
EMRA, for the distribution license applications, the relevant minimum
capital shall be equal to an amount which corresponds to the 15% of the
transfer or sale price of the distribution zone.
The minimum capital of the company shall be 2 million TRY for the
wholesale license applications, 1 million TRY for the retail sale license
applications and 200.000 TRY if the applications are only for the purpose
of performing retail sale services for each distribution zone.
However, in the event that a prevailing license holder applies for a
new license, the minimum capital requirement of the company shall be
figured out by aggregating the total amount of capitals allocated for each
licenses which are pending provisional license with EMRA and approved
license by EMRA.
Collection of 1% of License Fee Regarding License Applications
for Power Generation Stations Based on Use of Domestic Natural
Resources and Renewable Energy Resources
The license applicants for establishment of a power generation
stations based on use of domestic natural resources and renewable energy
resources will be liable to pay only 1% of the prescribed fee for standard
license applications. Moreover, it is also laid down that annual license
fee will not be collected from the power generation stations based on
use of domestic natural resources and renewable energy resources in the
initial first 8 years following the completion date of necessary facilities
specified.
The Amendment to License Variation Applications by the License
Holder
According to article 13 of the Regulation, for the variations on
licenses to be approved upon request of license holder, unless other period
of time is indicated explicitly by EMRA, the variation of license will
be effectuated upon the submission of payment confirmation document
for license variation fee which is required to be made within 30 days
following the notification of affirmative decision of EMRA; in addition
to the consummation of other obligations demanded for the variation