260 NEWSLETTER 2021 with the savings that will occur as a result of such implementation. Energy saving means reduction of energy consumption or losses without reducing the quality and quantity of service and production. EPCs are also defined as a financing mechanism based on the reimbursement of the implementation project costs, with the savings to be realized in the following years. Details regarding the implementation of an EPC were explained with the Communiqué, the draft survey report, specification, and EPC templates were formed as an annex to the Communiqué. Tender Process The implementation of EPCs for buildings that are publicly owned, do not have a demolition, relocation or disposal plan, facilities, tools and similar movable and immovables, and publicly carried out services are based on the tender procedure. Comprehensive regulations were introduced regarding the tenders to be held through this Communiqué, and the general procedures and principles determined in the Resolution on the tender process were detailed. The sealed bid method shall apply to the tenders within the scope of the Communiqué. The tender offer evaluation commission examines the required criteria in the tender documents. The bid with the highest net present value (“NPV”)1 among the bids is deemed to be the most appropriate, as a result of the examination made by the tender offer evaluation commission. The conditions sought for participation in tenders for the implementation of an EPC are listed as follows; i) the value of the investment within the scope of an EPC cannot be less than 2.000.000 TRY, ii) the savings guarantee cannot be less than 10% of the total annual energy consumption of the implementation area and 20% for each energy efficiency measure to be applied in any final energy consumption area, iii) the share to be given to Administration in non-building implementation areas cannot be less than 10% of the annual savings during the contract period remaining from the commencement date of saving. In addition, energy efficiency measures with a simple payback period of less than 2 years will not be considered within the scope of the EPC. 1 It is defined as the difference obtained by deducting the present value of project expenses from the present value of the income generated during the economic life of the relevant investment.
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