Newsletter-21

314 NEWSLETTER 2016 Prior observation of the effects on the market of the execution of the Regulation will be inaccurate at this stage. The restriction that the electricity produced in the RERAs cannot be sold outside the scope of the YEKDEM Regulation, may create adverse effect on the market. Adoption of the build – operate – transfer model so that the electric- ity can be sold to the third parties may possibly create a competitive market. The facts that the Committee is entitled to terminate the tender, and the Ministry is entitled to terminate the Right of Use Agreement for RERAs, increase the risks of the investors, while, on the other hand, damage the transparency in the market. Even if there are some imperfections and deficiencies as to several aspects in the Regulation, on the other hand, the Regulation promises a prompt increase in the capacity of electricity generation by means of local production, pro- ductive utilization of resources, and finalization of the investments.