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Entek

​ One of Turkey’s first private sector auto-producer companies, Entek was established in 1995 with the purpose of supplying electricity and steam to the Koç Group companies.

The Company, which started production in December 1998, has a total installed capacity of 244 MW. As of the end of 2017, Entek generates electricity via six hydroelectric power plants (HEPPs) with total capacity of 87 MW located in Karaman, Samsun and Mersin and one natural gas combined cycle power plant (157 MW) in Kocaeli.

In addition, Entek holds a 100% stake in Eltek, its wholesale electricity sales company, 50% stake in the 625 MW Ayas imported coal power plant project and a 0.05% stake in EPİAŞ, the company established to operate the Energy Exchange.

Eltek, which was established in 2003 as a wholesale operator in the electricity sector, supplies electricity to the Koç Group as well as consumers outside the Group at convenient prices.

Entek took advantage of investment opportunities in 2017.
Entek considers the recent trend of reasonable asset prices in the electricity sector as an opportunity for growth. Within this scope, the Company acquired three HEPPs in the Mersin Mut region, with a combined capacity of 24 MW in October 2017. Entek also submitted the highest bid and won a privatization tender for the Menzelet and Kılavuzlu HEPPs (178 MW) with operating rights for a period of 49 years in September 2017.

Menzelet and Kılavuzlu HEPPs will be taken over by Menzelet Kılavuzlu Elektrik Üretimi A.Ş., a 100% subsidiary of Entek and become operational in the first quarter of 2018.

In 2017, Entek realized total sales of 1.5 billion kWh and consolidated revenues of TL 342 million from its natural gas and hydroelectric power plants as well as the commercial transactions undertaken through Eltek.

Competition in the electricity market continued to intensify with the addition of new technology and high efficiency power plants. This has precipitated the withdrawal of low efficiency natural gas fired electricity generation plants from the market. However, the Kocaeli plant continues to operate with the advantage of selling directly to busbar and steam customers nearby.

Forward-looking expectations
With the objective of being among the leading power generation companies, Entek is focused on ensuring resource diversification in production and places special priority on renewable energy investments. In the coming period, the Company plans to continue acquisitions to achieve a balanced production portfolio and market share gains.


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