Spatial sprawling of the capital especially in the post-2002 process in Turkey increased with transportation, extraction and energy investments, by the regulatory role of state. Especially for energy investments as the one of enterprise of capital that progressed by neoliberal policies, the state intervention which is one of the state’s roles that is capital-oriented in Turkey is re-regulation processes. In the historical background of HEPPs in Turkey; Munzur Valley, it is one of the place where the capital performs itself on the nature. Munzur Valley is the nature (the nature that self-sanctity of the local people with the historical value) that spatial fix of capital by HEPPs, and it is the place where capital will realize itself. In this process which the state has undertaken a regulatory role in the areas where capital performs its activities by controlling the environmental reactions and resolving the capital-local conflict. In such capital investment processes, the state is behalf of capital to create and expand investment areas as a policy and law-maker. In order to guarantee its own continuity, the state has taken on the task of intervening by making legal regulations in case of conflicts between investors and local people, while the capital is in the stage of having a form. The ecological fixes that Noel Castree mentions, was observed in the case of Munzur Valley National Park which the sacredness and historical value of the local people in this study area.