NEWSLETTER-2020-metin

441 MISCELLANEOUS An addition was made to the activities exempted from the re- quirements to obtain a license and establishing a company listed under Article 14 of the Electricity Market Law. In this respect, generation facilities based on renewable energy resources will be able to carry out their activities without a license, provided that they are restricted by the contractual power in the connection agreement. In accordance with another newly introduced regulation, the price equalization mechanism will be applied until 31.12.2025 and the na- tional tariff will be taken as the basis during this period. This period may be extended for up to five years by the President. Major Amendments regarding Mining Law Law on Mining numbered 3213 (“Mining Law”) introduced new rules as to the licensing procedures. In accordance with the Mining Law, the full amount of the license fees shall be paid until the end of January of each year. With the new regulation, if the entire license fee is not paid by the end of January, the non-deposited portion must be paid as the license fee to be increased by the default interest, 2 which is calculated up to and including the last day of June of that year. Otherwise, the license will be annulled. Moreover, the application period before the operating license expiration date has been withdrawn by six months. Hence, to request a time extension, the minimum price of an operating license must be paid, and the business plan must be presented at least twelve months prior to the expiration date of the license. License holders who fail to comply with this obligation has to pay a fine of 100,000 Turkish Liras, and the license holders who fail to fulfill the specified obligations no later than six months prior to the expiry date will be rejected, and their licenses will be cancelled at the end of the term. No overdue debt requirements will be also sought for applications for granting, merging, extending the term, transfer and succession of mineral exploration and operation licenses, and for returning the cost of harmonization with the environment. 2 This calculation is made in accordance with Article 51 of the Law on the Proce- dure for the Collection of Public Receivables numbered 6183.