Arıkan, Y
This paper describes and analyzes the Turkish Build-Operate-Transform (BOT) model for electric power projects. The BOT procedure was created for financing and implementing public projects through the involvement of the private sector, thus reducing the financing issues without increasing the external debt. The BOT procedure for formulating and evaluating projects is a rather new tool for governmental decision making. Given the limitation of resources, choices must be made among competing uses of resources based on the extent to which they help the country to achieve its fundamental objectives. One of the well known methods of presenting this choice between competing uses of resources in a suitable and comprehensible fashion is called Social Benefit Cost Analysis (SBCA). The paper provides a comparison of the results obtained by evaluating the same hydro-electric power project by both BOT and SBCA procedures and tries to explore under what assumptions the two procedures lead to diverging conclusions. What is revealed from this exercise is that, the decisions whether a BOT project is beneficial or not, are highly sensitive to the basic assumptions about the discount rate in calculating the present worth of costs and benefits, the concession period for the operation of the plant, and the guarantees provided by the government to the joint venture undertaking the project.


A hybrid solar photovoltaic-wind turbine-Rankine cycle for electricity generation in Turkish Republic of Northern Cyprus
Asumadu-Sarkodie, Samuel; Sevinc, Caglan; Jayaweera, Herath M. P. C. (2016-01-01)
This paper presents an energy demand model by designing a hybrid solarwind- thermal power generation system of the Turkish Republic of Northern Cyprus, a promising substitute for the expensive battery banks. The study models the future energy demand of Turkish Republic of Northern Cyprus based on the IPCC emissions scenario A1B and A2 by designing a new hybrid solar-wind-thermal power system that satisfies the current and future requirements of firm capacity during peak periods. The study suggests an improv...
TASDEMIROGLU, E (Informa UK Limited, 1993-07-01)
This article begins with a brief review of the socioeconomic situation, energy resources, and energy consumptions in Turkey. The estimates for the sustainability years of fossil fuels and the potential of renewable energies are given. Hydropower, biomass, geothermal, solar, wind, wave, sea currents, and salt gradient are, in order of priority, listed among the renewable energy resources of the country. The importance of energy conservation is discussed in conjunction with the research results produced for t...
Currency and asset substitution in Turkey
Taşdemir, Özlem; Özmen, Erdal; Department of Economics (2003)
This study investigates the determinants and effects of currency and asset substitution in Turkey using quarterly data from 1987:1 to 2002:4. The empirical results from the application of Johansen procedure to a four-variable system containing currency-asset substitution proxy (M2Y/M2)), real income, real exchange rate, and ratchet effect proxy (past peak values of the depreciation of the real exchange rate) suggest the presence of a single cointegration vector among the variables. The results further sugge...
Modeling electricity demand in Turkey for 1998-2011
Sayın, İpek; Gaygısız Lajunen, Esma; Department of Economics (2013)
This thesis estimates the quarterly electricity demand of Turkey. First of all proper seasonal time series model are found for the variables: electricity demand, temperature, gross domestic product and electricity price. After the right seasonal time series model are found Hylleberg, Engle, Granger and Yoo (1990) test is applied to each variable. The results of the test show that seasonal unit roots exist for the electricity price even it cannot be seen at the graph. The other variables have no seasonal uni...
Consideration of Network Constraints in the Turkish Day Ahead Electricity it Market
Sahin, Cem (2018-11-01)
This paper proposes a new model for the Turkish Day Ahead Electricity Market including network equations. The existing one does not implicitly consider the power flow limitations, and these are considered separately that might result with a suboptimal day-ahead schedule. The dc network equations are added to the model, which is used to determine the Day Ahead System Sell and Buy Decisions and System Marginal Price in day-ahead planning. The impact of integration of network equations is exhibited using a sma...
Citation Formats
Y. Arıkan, “BUILD OPERATE TRANSFER MODEL FOR NEW POWER-PLANTS FOR TURKEY,” 1994, p. 1089, Accessed: 00, 2020. [Online]. Available: