10,871.48 TRY BIST 100 BIST 100
4.58 CNY CNY CNY
33.02 USD USD USD
35.84 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
42.28 TRY Interest Interest
82.44 USD Fossil Oil Fossil Oil
27.89 USD Silver Silver
4.13 USD Copper Copper
99.08 USD Iron Ore Iron Ore
382.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,524.70 TRY Gold (gr) Gold (gr)

EMRA issues "force majeure" decisions regarding earthquake zones

The decisions of the Energy Market Regulatory Authority on the subject were published in the Official Gazette.

EMRA issues "force majeure" decisions regarding earthquake zones
It was decided that earthquakes based in Kahramanmaraş would be considered as "force majeure" in terms of some term obligations of legal entities holding associate licenses or production licenses in the electricity market and real and legal persons holding licenses and certificates in the natural gas market.
In this context, as of 6th February, the pre-license periods and the pre-construction period within the scope of the production license and the postponement periods of the obligation under the temporary Article 15 of the Regulation, except for the applications for the storage electricity generation facility and the pre-construction period and the periods given for the completion of the necessary information and documents within the scope of the pre-license applications and amendment applications, to be applied throughout the country during the state of emergency (State of Emergency) as of February 6, the periods related to the obligations determined within the scope of the preliminary license or production license amendment procedures, the periods related to the obligations determined within the scope of the merger or division transactions, the periods related to the obligations determined within the scope of the issuance of the production license as a continuation of the old one, the periods related to the obligations determined within the scope of the issuance of the production license to the legal entities that have expired or will expire, effective from the date of termination, shall be considered as extended for the duration of the State of Emergency without the need for any transaction, and the relevant main service office will be authorized in this regard.
In addition, legal entities holding production licenses subject to electricity generation facilities planned or partially in operation in provinces where a state of emergency decision has been taken or declared a disaster zone and legal entities holding production licenses whose company is headquartered in these provinces will be exempted from the obligation to submit a progress report within the scope of the second paragraph of Article 52 of the Regulation during the state of emergency.
On the other hand, earthquakes centered in Kahramanmaraş were also considered as "force majeure" in terms of the periodic obligations of real and legal persons holding licenses and certificates in accordance with Article 46 of the Natural Gas Market Licensing Regulation and Article 24/B of the Natural Gas Market Certificate Regulation.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In
SteelRadar Insight - Sayı 1 (Haziran 2024)

Most read news

ArcelorMittal Poland closes coke battery in Krakow

Tuesday, July 23, 2024

Ermaden discovered a gold mine in Sivas

Tuesday, July 23, 2024

Eurozone industrial production drops

Thursday, July 18, 2024

Voestalpine receives €300 million loan for green steel

Tuesday, July 2, 2024

Türkiye's global export share increased

Tuesday, July 2, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now