Sectors
Limak Investment
Energy

Energy

Energy Generation

Limak Energy Group operates in the fields of energy generation, distribution, sales and trade. It is expanding its energy portfolio, which is currently at the level of 3,000 MW, every year by its hydroelectric, natural gas and coal power plants.

Limak Energy, as aimed to ensure the medium and long-term energy supply safety of our country, makes energy generation investments based on resource diversity and forges ahead to its goal of 5,000 MW installed power within the scope of its long-term business plans.

There are HEPP investments with high generation capacity in the field of renewable energy, which is of high significance in ensuring supply safety,  within this context.

The total HEPP installed power of Limak Energy in operation and under construction is approximately 1420 MW, and the total annual electricity generation capacity is approximately 4.3 billion kWh, with the currently operating Alkumru, Uzunçayır, Kargı, Seyrantepe, Pembelik, Tatar, Çal and Kirazlık hydroelectric power plants of the group and the Çetin and Gürsöğüt hydroelectric power plants under construction.

The Group is closely following up on the tenders for the privatization of the large capacity EÜAŞ hydroelectric power plants to be held by in 2018, and the large capacity HEPP tenders to be held by DSİ within and after 2018, and also power plant tenders to be held abroad.

The Group, also attaching importance to wind and solar energy investments in order to increase resource diversity, continues wind and solar energy license applications and field measurements and related activities for licensing operations in many regions.

Within this scope, the Isparta Gönen SPP of 5.7 MWp capacity has been taken into operation in Isparta province in 2017. In addition, the 15.7 MWp capacity solar energy power plant in Konya province, the EPC tender of which is continued, has been included in our investment program.

Our solar power plant installed power will reach a size of 21.4 MW when Konya APA SPP project is taken into operation in 2018.

The group’s HEPP installed power will reach approximately 1,420 MW, and the renewable energy installed power will be 1,455 MW, when the current renewable resource projects are completed.

Limak Energy, adding the Hamitabat Natural Gas Combined-Cycle Power Plant, which is the first natural gas combined cycle power plant in Turkey, to its portfolio in 2013 in order to reinforce availability in production even further, has carried out rehabilitation studies aimed to increase plant efficiency to the highest level at this facility and has ensured availability at full capacity as of September 2017.

Lignite and coal power plants constitute another important leg of resource diversity. Within this context, the Kemerköy and Yeniköy thermal power plants with a total installed power of 1,050 MW have been taken over by the Limak-IC İçtaş Partnership at the end of 2014. Limak Energy continues to evaluate new license development and acquisition opportunities in order to meet the base load requirement, in addition to this investment.

The group, which continues to develop projects on renewable energy resources constantly, also has Çetin HEPP that will have 528 MW installed power, Gürsöğüt HEPP that will have 58 MW installed power and Buharkent Geothermal Power Plant that will have 14.1 MW installed power, which are currently in the construction stage, and SPP projects in Konya that will have 15.7 MW installed power.

While the generation of the plants falling to the share of Limak was 1.3 billion kWh in 2013, this figure has reached 1.9 billion kWh in 2014, 2.4 billion kWh in 2015, 5 billion kHW in 2016 and 6.5 billion kWh in 2017.


Alkumru Dam and Hydroelectric Power Plant

The Alkumru Dam and Hydroelectric Power Plant built within the borders of Aydınlar district in Siirt province, on Botan Stream connecting to the Tigris River, has been taken into operation in 2011. The plant with a total capacity of 280 MW has an annual average generation capacity of 1 billion kWh, and the average generation in 2017 is 720 million kWh.

The Alkumru Hydroelectric Power Plant Project has been entitled to receive Carbon Reduction Certificate in compliance with the International Carbon Standard (VCS) in 2013.

The greenhouse gas emission reduction at the plant is at the level of 475 thousand 143 tons of CO₂ annually. Social Carbon Validation has been conducted and the project has also received the Social Carbon Certificate, as a result of the evaluation of the social support provided to the environment for the project.


Seyrantepe Dam and Hydroelectric Power Plant

The Seyrantepe Dam and Hydroelectric Power Plant built within the borders of Elazığ province, on Peri Stream connecting to the Euphrates River, have been taken into operation in 2008.

The plant with a total installed power of  59 MW has an annual average generation capacity of 180 million kWh. The generation in 2017 is 64 million kWh.


Uzunçayır  Dam and Hydroelectric Power Plant

The Uzunçayır Dam and Hydroelectric Power Plant built within the borders of Tunceli province, on Munzur Stream connecting to the Euphrates River has been taken into operation in 2009.

The plant with a total installed power of 84 MW has an annual average generation capacity of 322 million kWh. The generation in 2017 is 178 million kWh.

The Uzunçayır Hydroelectric Power Plant Project has qualified to receive the Carbon Emission Reduction Certificate in compliance with the International Carbon Standards (VCS) in the voluntary markets. The plant, which thus has the right to generate 151 thousand tons of VCS Carbon Credits until 2019, has had Social Carbon Validation made in 2011 as a result of the evaluation of the social support provided to the environment, and has also acquired the Social Carbon Validation Certificate. In March 2012, the first 250 thousand tons of social carbon labeled, verified carbon emission reduction has been offered to the voluntary markets.

 

Kargı  Dam and Hydroelectric Power Plant

The Kargı Dam and Hydroelectric Power Plant built within the borders of Ankara province, Beypazarı district, on Sakarya River, have been taken into operation in April 2017.

The plant with a total installed power of 100 MW has an annual average generation capacity of 254 million kWh. The generation in 2017 is 107 million kWh.


Tatar Dam and Hydroelectric Power Plant

The Tatar Dam and Hydroelectric Power Plant, at the border of Elazığ and Tunceli provinces, on Peri Stream connecting to the Euphrates River, have been taken into operation in 2013. The plant with a total installed power of 131 MW has an annual average generation capacity of 421 million kWh. The generation in 2017 is 149 million kWh.

The studies on Carbon Emission Reduction certificate in compliance with the International Carbon Standards and the Social Carbon Validation of the Tatar Hydroelectric Power Plant have been completed.

 

Kirazlık Regulator and Hydroelectric Power Plant

The Kirazlık Regulator and Hydroelectric Power Plant located within the borders of Siirt province, on Botan Stream of the Tigris River, have been taken into operation in 2013.

The plant with a total installed power of 48 MW has an annual average generation capacity of 150 million kWh. The generation in 2017 is 118 million kWh.

 

Pembelik Dam and Hydroelectric Power Plant

The Pembelik Dam and Hydroelectric Power Plant, located within the borders of Elazığ province, on Peri Stream connecting to the Euphrates River, have been taken into operation in 2015. The plant with an installed power of 130 MW has an annual average generation capacity of 405 million kWh. The generation in 2017 is 136 million kWh.

The studies for the Carbon Emission Reduction Certificate in compliance with the International Carbon Standards and the Social Carbon Validation of the Pembelik Hydroelectric Power Plant have been completed.

 

Çal Hydroelectric Power Plant

The power plant is located within the borders of the Denizli province. It is supplied by the Çal Plain irrigation facility and the Greater Meander River.

The plant with an installed power of 2.2 MW has an annual average generation capacity of 12 million kWh. The generation in 2017 is 1.6 million kWh.


Hamitabat Natural Gas Combined Cycle Power Plant

Hamitabat Energy Generation and Trade Corp. has entered into service in in the most critical moments during the year and has contributed in energy supply by its installed power of 1,156 MW. It has been the assurance of energy supply in the Marmara Region both by its strategic location, and its high reliability and availability, and the generation in 2017 has materialized as 2.764 billion kWh.

The old plant has been replaced by 2 H-class combined cycle blocks with the rehabilitation project that has been started in March 2015 with a budget of 520 million euros, and availability at full capacity has been ensured as of September 2017.  The efficiency level has been increased to 61% with the investment and thus has led to a significant improvement in the natural resource consumption and at the same time a decline in our energy imports bill as a country. HEAŞ has taken place among the numbered power plants of both Turkey and Europe with respect to construction period, efficiency and environmental standards with this investment.

HEAŞ, which is the first combined cycle power plant of Turkey continuing its operations since 1986 as a symbol of Kırklareli, will continue its presence in the Turkish energy market with high efficiency and environmental awareness.


Isparta Gönen Solar Power Plant Project

The solar power plant, located in Isparta province, Gönen district, has a total installed power of 5,702.4 kWp.

The power plant has been taken into operation in 2017 and the annual generation expectation is at the level of 10 million kWh.


Yeniköy Kemerköy Thermal Power Plants

The power plants have been taken into operation in 1987 and 1995 respectively in order to generate electricity using domestic lignite coal in Muğla province, Milas district. The Yeniköy Thermal Power Plant consists of 2 units of 210 MW power each, and the Kemerköy Thermal Power Plant consists of 3 units of 210 MW power each.

The Yeniköy Kemerköy Thermal Power Plants have been taken over on 23.12.2014 by the Limak- IC İçtaş equal partnership through privatization. The operation of coal sites no. İR:20058131, İR:10413, AR:32234 and İR: 32234 have also been taken over  within the scope of the said privatization tender, which has entered into the records as one of the five largest privatization tenders of the Republican history. Coal production activities are carried out at the license site no. İR: 10413, and the coal supplied from the mine fields is consumed for electricity generation.

The net generation values, serving as basis for sales, at Yeniköy and Kemerköy Thermal Power Plants have been 2.657 and 3.763 billion kWh, respectively, in 2017.

Investments have been made as aimed to increase availability and electricity generation (such as water soot blower system) and planned maintenances have been made as aimed to ensure continuity in generation at the facilities.

The contract concerning the rehabilitation investment, which will be started in 2018 and ensure improvements in the areas of efficiency, capacity and the environment, has been signed in 2017.


Power Plants in Construction & Planning Stage

Çetin Dam & HEPP

Botan Stream - Siirt

Planned Installed Power: 528 MW

Generation Capacity: 1.4 billion kWh

 

Gürsöğüt Dam & HEPP

Sakarya River- Ankara / Eskişehir

Planned Installed Power: 58 MW

Generation Capacity: 300 million kWh

 

Konya APA Solar Power Plant Project

Konya - Apa

Planned Installed Power: 15.7 MW

Generation Capacity: 27 million kWh



Buharkent Geothermal Power Plant

Buharkent - Aydın

Planned Installed Power: 14.1 MW

Generation Capacity: 112.84 million kWh


Energy Distribution

Uludağ Electricity Distribution Corp.

Uludağ Electricity Distribution Corp., with a service area that covers the south of Marmara Region that is the locomotive region of Turkey, continues its operations in 4 provinces, 55 districts, 2221 quarters and 636 villages over an area of 35,501 square kilometers. Uludağ Electricity Distribution Corp., which serves 3 million subscribers in total in Bursa, Balıkesir, Çanakkale and Yalova, continues to improve its infrastructure in direct proportion with the number of subscribers increasing every day. Uludağ Electricity Distribution Corp. holds 9 percent of the market share in the energy distribution sector, both with respect to the number of customers and supply quantity. Uludağ Electricity Distribution Corp. holds the title of the 4th largest distribution company of Turkey in light of these data and continues its activities with an understanding to offer more qualified services.

Uludağ Electricity Distribution Corp. offers uninterrupted services to its customers in order to supply continuous and qualified electricity by its administrative and field operations and a staff over 2,100 including the subcontractor personnel.


Kosovo Electricity Distribution Corp.

The Kosovo Electricity Distribution Services (KEDS), operating in Kosovo in general, offers energy distribution services in seven regions and 30 districts in the seven large cities of Kosovo. KEDS Corp, which has exclusive rights in electricity distribution, has distributed approximately 5 billion kWh electricity to almost 560 thousand subscribers. KEDS Corp, has made an investment of 24 million Euro in 2017 for grid and technology investments, in order to increase customer satisfaction. It has successfully completed an investment of 103 million Euros in total, since May 2013 when it first started to operate up to 2017

In light of this information, KEDS Corp., aims to offer electricity services at the highest standards to all Kosovo citizens and solve all infrastructure problems related with electrical energy.


Energy Sales & Trade

Limak Energy does not only meet the requirements and expectations of the sector by its experienced and trained work team, but is also included among the pioneering companies in the sector by its maximum efficiency and effectiveness principle. Limak Energy, leading in the development of the highly dynamic Turkish energy market,  works together with all sector representatives, and is included among the pioneers of development by supporting sectorial associations and study groups. Limak Energy, which has taken an active part also in the activities for the establishment of the energy exchange in Turkey along this line, is the founding partner and shareholder of the Energy Markets Management Corp. (Energy Piyasaları İşletme A.Ş. - EPİAŞ).

Limak Energy Trade ensures the effective planning of generation assets affiliated with the group, based on different resources such as coal, natural gas, solar energy and hydroelectric and the optimization of these resources so that profitability will be at the highest level, continues to contribute within the scope of Ancillary Services and also has significant experience in the commercial operation of power generation facilities. Limak Energy Trade also assumes the operation and commercial activities of facilities outside its portfolio.

Limak Energy Trade, placing great emphasis on sustainable growth, has reached a wholesale and retail electricity sales volume exceeding 7.3 billion kWh in the commercial operations of 2017. Almost half of this trade volume has been provided by the energy procured from commercial business partners outside of Limak Energy’s own generation portfolio. Limak Energy Trade trades with more than 60 commercial business partners in Turkey and Europe within the scope of bilateral agreements, and actively operates in the Over the Counter Markets (OTC), Day-Ahead Market, Intra-day Market and Derivatives and Options Markets.

Limak Energy Europe, which has been established to achieve the vision of becoming an important actor also in Europe as in Turkey, continues its activities as based in Bulgaria. Expanding its activities throughout the whole Southeastern Europe region from Kosovo to Turkey, Limak Energy Trade is increasing its cross-border trade volume together with the energy trade company LC Electricity Trading & Supply established in Serbia.

Limak Energy Trade actively carries out retail energy sales activities by its sales representatives. Limak Energy Trade provides access to the spot electricity market as well as fixed or indexed energy sales to its customers, by developing products that are most compatible with customer requirements. Approved carbon sales from renewable generation resources are also carried out to customers who are sensitive to the environment, in order for them to reduce their carbon emissions. Customer satisfaction is maintained at the highest level in the after-sales services by its specialized operation team. The company has adopted the win-win principle with a customer focused service understanding.

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