Turkey has become one of the fastest growing economies in the world with a real GDP growth rate expected to reach around 7 percent in 2017. With increased growth comes increased energy consumption. According to government figures, Turkey has the highest growth rate of energy demand among all OECD countries. For these reasons, the Government of Turkey plans to invest $11bn to reduce primary energy consumption by 14% as part of its National Energy Efficiency Action Plan (NEEAP). “This is a major step towards making a rapidly expanding economy also much more energy efficient. The plan builds on the realization that a sustainable, efficient and prudent generation and consumption of energy is crucial for both economic growth and a sound environment. The action plan addresses the need to balance both aspects with detailed measures and where possible and feasible the EBRD stands ready to support this crucial effort,” said EBRD Managing Director for Turkey Arvid Tuerkner.