Turcas Power Generation (TPG), a subsidiary of Turcas
Energy Holding, aims to make green-field and brown-field
energy investments in order to become one of the top
power generation companies in Turkey and its surrounding
region, with a diversified generation portfolio.
As an independent generation company, Turcas Power
Generation develops build-operate-transfer, build-ownoperate,
and/or other type of projects, mainly in Turkey,
and also on an international platform.
Turcas Power Generation is focused on generation projects
based on resources such as wind, natural gas, coal, lignite,
liquid fuels, nuclear, hydraulic, biomass, geothermal and
solar in its fields of activity.
TPG undertakes the following responsibilities:
• Establishing the financial structure of its projects, either
alone or in partnership with domestic/international
investors and/or developers,
• Securing the required permits and approvals,
• Contracting projects in terms of engineering,
procurement, construction (EPC) and commissioning,
• Undertaking the commercial operation of power plants.
TPG, having obtained Electricity Generation License from
EMRA, operates a wholly-owned cogeneration (combined
heat and power) plant with an installed capacity of 1.66
MW in Istanbul. This plant, approved by the Ministry of
Energy and Natural Resources on April 5, 2007, is now
among the most efficient cogeneration plants in the
country. The plant's generation statistics for 2009 are as
follows:
Power Generation : 134,578 kWh
Total Heat Generation : 142,903 kWh
Aside from the ownership and management of this plant,
TPG acts as a sub (electricity generation) holding company
that cooperates or partners with international companies,
which focus on large-scale and diversified power generation
investments.
TPG aims to increase its share of installed power capacity
to a level of around 500 MW by 2015.
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| Company Profile |
Paid-in Capital
30.500.420 TL
Ownership Profile
%97,5 Turcas Enerji Holding A.Ş.
%2,5 Turcas Petrol A.Ş.
Board of Directors
Erdal Aksoy - Chairman
Yılmaz Tecmen - Vice Chairman
Banu Aksoy Tarakçıoğlu - Member
S. Batu Aksoy - Member
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With this aim in mind, TPG maintains a partnership with
RWE, one of the world's top energy companies, in order
to invest in two large scale power plants, one based on
natural gas and the other one based on imported coal,
each with a power capacity of app. 800 MW. Hence, TPG
participated in 30% shareholding capitals of E.ON & Turcas
South Power Generation and E.ON & Turcas North Power
Generation, both established in late 2007. In April 2009,
RWE Holding A.S., a 100% subsidiary of RWE AG, another
major energy company based in Germany, signed an
agreement with E.ON Holding A.Ş. to purchase the shares
of E.ON in these joint ventures as well as a Shareholders
Agreement with Turcas Power Generation. The joint
venture companies, in respect of these agreements, have
been re-titled as RWE & Turcas South Power Generation
and RWE & Turcas North Power Generation. All shares of
Turcas Power Generation in RWE & Turcas North Power
Generation have been transferred to Turcas Energy Holding
in 2009.
In order to diversify its portfolio with renewable and
sustainable energy investments, Turcas Power Generation
established, in the last quarter of 2007, Turcas Wind Power
Generation, a wholly-owned subsidiary.
With the realization of these projects, TPG aims to increase
its equity installed capacity in 2012 to 240 MW based on
natural gas, to 340 MW in 2013 with the addition of
hydroelectric and wind investments to the portfolio, and
then to around 580 MW by 2015 with the start of operation
of imported coal fired generation.
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