The 3-year route for energy investments has been determined

The 2026-2028 Investment Program Preparation Circular has been published in the Official Gazette. According to the "Investment Program Preparation Guide," the focus will be on the efficient use of public resources over the next three years, while new regulations are coming to the fore in many sectors, from mining and energy to transportation.

In the energy sector, in particular, it is stated that priority will be given to investments aimed at strengthening supply security, integrating renewable resources into the system, and developing domestic and unique energy technologies. In the natural gas sector, projects that increase resource and route diversity, as well as infrastructure investments aimed at bringing discovered offshore reserves into the economy, will be at the forefront.

According to information compiled from the 2026-2028 Investment Program Preparation Circular, strategic targets closely related to the energy sector came to the fore in many sectors, from mining to energy and transportation.

EDUCATION/HIGHER EDUCATION

Accordingly, construction funds will not be used until campus plans for newly established state universities are completed. New construction projects must be modular, take energy efficiency into account, and be designed to accommodate disabled citizens. Classrooms will be designed for shared use, and cost-effective techniques and environmentally friendly materials will be preferred.

ENERGY

Investment priorities in the energy sector will be projects based on supply-demand analyses, aligned with Türkiye's overall energy needs projections, possessing reliable raw material resources, and generating high economic benefits. Priority will be given to investments aimed at developing domestic and unique energy technologies, particularly nuclear and renewable energy. Transmission infrastructure projects that will integrate renewable resources into the system will also be prioritized. In the natural gas sector, infrastructure projects that increase source and route diversity, strengthen supply stocks, and utilize discovered offshore reserves for the economy will be prioritized.

UNLICENSED SPP AND RES PROJECTS

New solar and wind power plant investments will be non-profitable through market sales. Investment costs will be covered, if possible, by alternative financing sources such as IPA, with a high level of local ownership and bids solicited from domestic companies. Projects will be proposed based on sectors that will directly benefit.

MINING

Priority will be given to mining projects that provide input for the energy sector and the manufacturing industry. Projects related to coal, oil, natural gas, and geothermal resources will be supported to explore and produce minerals with depleting reserves, process them into products, and improve their quality in line with consumer demands.

INFRASTRUCTURE AND OTHER FIELDS

Institutions implementing major infrastructure projects will be required to consider potential physical conflicts such as energy facilities, power transmission lines, pipelines, roads, railways, ports, and mining investments during the planning and implementation phases. Furthermore, in line with the 12th Development Plan, priority will be given to horizontal areas that support the manufacturing industry, such as R&D, digitalization, logistics, energy, and education, as well as investments in agriculture, food, tourism, and the defense industry.

The highest allocation among state-owned enterprises was given to TPAO, amounting to 332.6 billion lira.

In the Investment Program Preparation Guide for the 2026-2028 period, budget appropriation proposal ceilings for SOEs were also determined.

Among the State Economic Enterprises (KİT), the highest allocation offer ceiling was given to the General Directorate of the Turkish Petroleum Corporation (TPAO) with 332 billion 555 million lira for 2026.

In this context, the total appropriation proposal ceilings of the SOEs with a public share above 50 percent were 679 billion 252 million 486 thousand lira for next year, 708 billion 515 million 275 thousand lira for 2027, and 647 billion 861 million 499 thousand lira for 2028.

TPAO has been allocated 48.95 percent of the total proposal ceiling for next year's allocations. The institution is projected to receive a budget of 332 billion 555 million lira for 2026, 298 billion 100 million lira for 2027, and 220 billion 350 million lira for 2028.

TPAO was followed by the Turkish State Railways (TCDD) with 113 billion 85 million liras and the Petroleum Pipeline Corporation (BOTAŞ) with 67 billion 834 million liras.