POWER PLANT EPC AND O&M CONTRACTS DURING CORONAVIRUS OUTBREAK

Coronavirus (COVID-19) outbreak affects not only people’s daily-life, but also disrupts economies and markets all around the world and electricity generation market is not immune to this effect. Due to the outbreak, construction projects related to power plants came to a standstill in some jurisdictions. Engineering, procurement and construction (“EPC”) contractors and operation and maintenance (“O&M”) service providers as well as project owners started to face difficulties.

CORONAVIRUS: SUPPLY CHAINS ARE BROKEN, NOW WHAT?

“This is not a drill. This is not the time to give up. This is not the time for excuses. This is a time for pulling out all the stops.”
World Health Organization Director-General’s remarks regarding coronavirus at the media briefing on 5 March 2020

KORONAVİRÜSÜN İŞYERİ KİRA SÖZLEŞMELERİNE ETKİSİ

Dünya genelinde kısa sürede onbinlerce insanı etkileyen, binlercesinin ölümüne sebep olan ve Dünya Sağlık Örgütü tarafından “pandemi-salgın hastalık” ilan edilen koronavirüs salgını, tüm dünyayı olduğu gibi Türkiye’yi de fazlasıyla etkilemiştir. Yakın gelecekte daha fazla etkilemesi de muhtemeldir.

CAN UNCOVERED TRANSACTION APPLICATION AFFECT THE ELECTRICITY TRADE AGREEMENTS, ESPECIALLY IN THE TIMES OF CORONAVIRUS?

The concept of uncovered sale transactions entered into the lives of electricity market participants with the Method regarding the Uncovered Market Transactions (“Method”) issued by the market operator, EPİAŞ. Whether the implementation of this new regulation will affect the electricity trade agreements and what the effects will be, have been a great topic of discussion among the market participants since the Method entered into force in October 2019.