A Share Sale and Transfer Agreement has been signed between our subsidiary Pasifik Yenilenebilir Enerji Sanayi ve Ticaret A.Ş. and our group company Pasifik Girişim Sermayesi Yatırım Ortaklığı A.Ş., on the one hand, and the existing shareholders of Egehidro Enerji Madencilik Sanayi ve Ticaret A.Ş., on the other, for the acquisition of shares representing 100% of the company's share capital.
The agreement covers the transfer of 77,500,000 shares representing the entire share capital of Egehidro Enerji Madencilik Sanayi ve Ticaret A.Ş. Of these shares, 39,525,000, corresponding to 51% of the company's share capital, will be acquired by our subsidiary Pasifik Yenilenebilir Enerji Sanayi ve Ticaret A.Ş., while the remaining 37,975,000 shares, corresponding to 49%, will be acquired by our group company Pasifik Girişim Sermayesi Yatırım Ortaklığı A.Ş. The total sale and purchase price has been determined as USD 2,424,001.
Egehidro Enerji Madencilik Sanayi ve Ticaret A.Ş. operates in the renewable energy sector through the 27.38 MWe Çakmak Regulator and Hydroelectric Power Plant and the 18.32 MWe Söğütlü Hydroelectric Power Plant, both located in Kahramanmaraş. The two power plants have a combined installed capacity of 45.7 MWe and an annual electricity generation capacity of approximately 50 GWh. The company has submitted the necessary applications for an 18 MWe solar power investment, which is planned to be implemented following the receipt of the relevant permits and approvals, with the aim of establishing a hybrid generation structure operating in conjunction with the existing hydroelectric power plants.
Through this investment, our Holding aims to strengthen its renewable energy portfolio through diversified energy generation sources. The commissioning of the planned hybrid project is expected to increase our generation capacity, support energy supply security and contribute to the national economy over the long term. Our Holding will continue to develop its operations in the renewable energy sector.
Any developments arising during the investment process that are required to be disclosed to the public will be announced separately in accordance with the applicable legislation.
Respectfully submitted for the information of the public and our investors.
This disclosure has been translated into English for informational purposes. In the event of any discrepancy between the Turkish and English versions, the Turkish version shall prevail.