Expropriation is defined in the “Expropriation Law” (No: 2942) as the seizure by state agencies and institutions of all or part of a private property from its owner for public use or benefit.
In certain extraordinary situations, the long period of time required for the completion of expropriation procedures may lead to problems which may be detrimental to public benefit. In such cases, an urgent expropriation decision can be granted in accordance with the “Urgent Expropriation” procedures defined in Article 27 of the Expropriation Law, where all procedures other than the valuation of the required property by the expert are completed later.
The evaluation of a property’s value in urgent expropriation provides merely an appraised value and is not the determining value. The property’s value is determined in the same way as in a normal expropriation procedure.
In this frame, “Public Interest” decisions have been granted by the Energy Market Regulatory Authority (EMRA) for the projects of Kalehan Energy Group, and land acquisition procedures for the projects are being carried out by the Energy Market Regulatory Authority (EMRA) and the Ministry of Finance in accordance with the Expropriation Law (No: 2942). All private property expropriated for the projects are registered under the name of the Treasury.