Koc opens Entek abroad

Koc Holding aims to open its second most important investment in energy, Entek Elektrik, abroad. Ukraine is at the target at the first stage. The first meeting on this was held in Ukraine in the recent weeks. The Entek delegation under the leadership of GM Bilal Tugrul Kaya met Oleg Sinyutka, president of the Regional Administration of Lviv in recent weeks. It is stated that the investment to be made may be directed towards alternative energy. Ukrainian executives announced that they would provide the necessary support and ease.

Founded in 1995, Entek started its first production in 1998. AES from the United States became a 49 percent shareholder in the company in 2011. However Koc Holding took back the shares in the hands of its partner for $125 million in 2014. The company, which owns a combined cycle natural gas power plant with an installed power of 157 megawatts in Kocaeli-Kartepe, has a capacity of 16.6 megawatts at Damlapinar Hydroelectric Power Plant in Karaman. Kepezkaya hydroelectric power plant at Karaman has an installed capacity of 28.8 megawatts and hydroelectric power plant at Samsun Kumkoy has an installed capacity of 17 megawatts.

In 2003, the company established Eltek Elektrik Energy Import Export in order to take part in the wholesale electricity purchase and sale, import and export activities in the electricity market.