In our latest announcement dated 03.04.2024 regarding our company's ongoing investments, we informed that the contracts for our total 86 MW hybrid SPP project were signed, and the construction works had begun. We also stated that our current installed power capacity of 699 MW would increase to 785 MW upon the completion of the hybrid SPP projects.
All contracts (Turbine Supply, Delivery, Installation and Commissioning, 15-year Service Availability, electrical and construction works contracts) for our total 102 MW installed capacity of 5 WPP additional capacity increase projects, which are in the investment process, have also been signed and the construction processes have commenced.
With the completion of these projects, our total installed capacity will reach 887 MW.
Within the scope of the investment incentives obtained from the Ministry of Industry and Technology of the Republic of Turkey for the said WPP additional capacity increase investments, we will benefit from VAT, customs, and stamp tax exemptions for 3 years.
Thus, the construction process of our first stage investments within the scope of our 3-year investment program and the presentation announced on 19.03.2024 on the public disclosure platform, have been initiated.
These investments are planned to be completed without any additional borrowing.
The hybrid SPP investments within this scope will be completed by the end of 2024, and the WPP additional capacity increase investments by the last quarter of 2025 and thus a total capacity of 887 MW will be reached.
This statement has been translated into English for informational purposes. In the event of any discrepancy between the Turkish and English versions of this disclosure statement, the Turkish version shall prevail.