News

By 2035 smart grids to be financed with EUR 10 billion

Published

February 22, 2016

Comments

comments icon

0

Share

Published:

February 22, 2016

Comments:

comments icon

0

Share

“Europe plans to invest EUR 400 billion in smart grids by 2050. In Turkey, we estimate that this volume will be around EUR 10 billion by 2035,” Uğur Yüksel, secretary general of the Electricity Distribution Association (Elder) told Anadolu Agency, as reported by its Energy Terminal.

The introduction of smart grids to Turkey’s energy sector will prevent power cuts through automatic measuring systems by conducting situation analysis and providing grid reliability by controlling overloads and failures. He stated the durability of the electricity network will be increased that and the continuity of energy supplies will be combined with more energy efficiency. With the aim of introducing smart grids, out of Turkey’s 21 electricity distribution companies, nine companies are preparing through a consortium to realize ‘Turkey’s Smart Grids Roadmap to 2020’ project, Yüksel explained.

“In that regard, we aim for maximum use of local technology. This project will last 16 months and methodology along with schedule to transition to smart grids will be determined during that process,” Yüksel explained. The grid allows for the introduction of renewable energy resources into the system and offers many benefits to utilities and consumers – mostly seen in improvements in energy efficiency and reliability on the electricity grid and in energy conservation in users’ homes and offices.

Related Articles

bulgaria citi Kozloduy financing nuclear power plant

Bulgaria partners with Citi to secure financing for new nuclear power units in Kozloduy

18 July 2025 - The two sides have initiated a partnership for building units 7 and 8 at the existing 2,000 MW Kozloduy nuclear power plant

bih epbih waste incineration tpp tuzla trial

BiH’s power utility EPBiH cancels waste co-incineration trial in Tuzla coal plant

18 July 2025 - Power utility Elektroprivreda Bosne i Hercegovine aborted a waste co-incineration test at its Tuzla coal power plant

Energy Community marks 20th anniversary as integration pillar for Southeastern Europe

Energy Community marks 20th anniversary as integration pillar for Southeastern Europe

17 July 2025 - The Energy Community Ministerial Council held its annual informal meeting in Athens, where the organization was founded twenty years ago

serbia hungary mvm maneks energotehnika juzna backa elektromontaza

Hungary’s MVM becomes majority owner of two Serbian firms

17 July 2025 - MVM is the dominant producer, distributor, and supplier of electricity and gas in Hungary, while the two firms were privately owned