What happened
Türkiye Elektrik İletim AŞ (TEİAŞ) has revised the statute that had governed the company since 2001. The updated statute records registered capital of TRY17,731,798,237 and confirms that the state owns all of it.
The revision sets more prescriptive procedures for the board. Directors must be notified at least 48 hours before a meeting. A director will be regarded as resigned if they miss four meetings in succession without an excuse, or accumulate ten unexcused absences in a year.
Directors cannot abstain when decisions are put to a vote. A director casting a vote against a decision must state the grounds in writing below that decision.
TEİAŞ is no longer subject to Türkiye’s Public Procurement Law or its Public Financial Management and Control Law. However, it remains covered by the Court of Accounts law and the rules governing parliamentary oversight.
Financial, administrative and technical arrangements involving TEİAŞ, electricity producer EÜAŞ and distribution company TEDAŞ will be set through protocols prepared between the entities with coordination from the Ministry of Energy and Natural Resources. The ministry’s decision will apply where the parties cannot agree on protocol terms.
Why it matters
The revised statute formalises governance expectations at the operator of Türkiye’s electricity transmission network. Mandatory voting and written explanations for opposition votes create a clearer record of board decision-making, while the attendance provisions define when persistent non-participation results in a director leaving office.
The changed audit position also clarifies the company’s oversight framework: TEİAŞ remains within Court of Accounts and parliamentary scrutiny, despite its removal from the two other legal regimes identified in the statute.
System users should follow TEİAŞ processes for connection and ancillary-service agreements, as well as transmission tariff proposals submitted to the Energy Market Regulatory Authority (EPDK). The company’s remit includes taking over transmission assets, studying and planning new facilities, preparing transmission tariffs and entering those agreements.
Background
TEİAŞ’s revised remit restates its responsibilities for transmission-system infrastructure and planning. It also establishes a formal route for managing its operational relationships with EÜAŞ and TEDAŞ, with the energy ministry acting as the final decision-maker on unresolved protocol disputes.
