Directional impact on forecast:
Upbeat for Turkey’s coal-to-power demand
Gas is losing its charm in Turkey’s power generation portfolio as the fuel’s prospects hinge on the country’s economy performing strongly. This has provided coal with an opportunity to further consolidate its position in the electricity mix, and the government plans to bolster Turkey’s coal-fired power capacity. Meanwhile, renewables have also made inroads in the portfolio, albeit from a much lower base compared with coal.
There will be no challenge to the dominance of coal...