ELECTRICITY GENERATION AND TRADING

Doğan Enerji Yatırımları Sanayi ve Ticaret A.Ş.

With nearly 20 years of experience in the energy industry, Doğan Holding sees energy investments as one of its core business lines. To this end, Doğan Enerji was established in 2000 to engage in the generation, distribution, domestic and international wholesale and retail trade of energy from any source and to realize investments in Turkey and the region. As such, Doğan Holding’s energy investments were all gathered under a single umbrella.

Wind Power Plants ("WPP")

Wind Power Plants ("WPP")


ŞAH WPP & MERSIN WPP

Keen to grow in the field of renewable energy, Doğan Enerji entered the wind power generation sector in 2012. At that time, the company added Mersin WPP and Şah WPP, which operate under the name Galata Wind Enerji A.Ş., to its power plant portfolio. As Doğan Enerji’s fully owned subsidiaries, Mersin WPP operates in Mersin province, Mut district, and Şah WPP in Balıkesir province, Bandırma district. Following the takeover procedures, the installed capacity of Mersin WPP was increased from 33 MW to 42 MW in 2013, and Şah WPP went up from 93 MW to 105 MW. After the investment decision in 2016, the extension project of Mersin WPP began in 2017. Six Vestas V112 turbines each with a capacity of 3.45 MW were added to the power plant to bring its installed capacity to 62.7 MW. The capacity extension of Mersin WPP was finalized on December 20, 2017. Mersin WPP and Şah WPP, whose licenses were obtained in 2007 and 2008 and which have a total installed capacity of 167.7 MW, are expected to generate an annual 520 million kWh of electricity in total. In particular, Mersin WPP is one of the most efficient wind plants in Turkey due to its location and generation data, and therefore contributes significantly to the Doğan Enerji portfolio.


TAŞPINAR WPP

Doğan Enerji wants to grow in the field of wind power, and has in its portfolio the 60 MW Taşpınar WPP project, which is currently in the pre-license stage. Permission procedures continue for the Taşpınar WPP project, which is located in the Bursa-Mustafakemalpaşa region. It is expected to receive the license in the first half of 2019, and initiate construction activities by the last quarter of 2019. Since the project does not include any royalty fee, Taşpınar WPP is expected to have an important place in the Doğan Energy portfolio because of the YEKDEM subsidy and the additional local content which will available due to employment of locally manufactured parts.


Hydro Power Plants ("HEPP")

Hydro Power Plants ("HEPP")


ASLANCIK DAM AND HEPP

Aslancık Dam and Hydroelectric Power Plant is situated on Harşit Brook within the town limits of Doğankent and Tirebolu in Giresun province. The project’s construction began in the fourth quarter of 2010 and the first 60 MW unit was commissioned in March 2014. With the commissioning of the second 60 MW unit in September 2014, the power plant started full capacity generation.

Doğan Holding has a 25% share in the project while Doğan Enerji holds an 8.33% share in the 120 MW Aslancık Dam and HEPP Project. The other partners of the project are Anadolu Group and Doğuş Enerji. The project’s electricity generation license was received from EMRA on March 20, 2008; the power plant is expected to generate 350 million kWh of energy annually. Aslancık HEPP is the second HEPP project commissioned by Doğan Enerji. The power plant has reinforced the Group’s investment vision in the energy sector, while providing 100% domestic contribution to the national energy supply.


BOYABAT DAM AND HEPP

The 513 MW Boyabat Dam and HEPP is located in northern Turkey, on the Kızılırmak River. Doğan Enerji owns 33% of Boyabat Elektrik Üretim ve Ticaret A.Ş. The other partners of the project are Unit Elektrik and Doğuş Enerji. The license of the Boyabat Dam and HEPP project was obtained from the Energy Market Regulatory Authority (EMRA) on November 13, 2007. The project became fully operational in 2012. The Boyabat project is expected to generate about 1 billion kWh electricity per year.


Solar PV Plants ("PV")

Solar PV Plants ("PV")


ÇORUM PV

Thanks to the Çorum PV project it acquired in first quarter 2018, Doğan Enerji bolstered its position in the industry by adding solar energy to its renewable power generation portfolio. The PV plant in central Çorum is unlicensed and has an installed capacity of 9.4 MW. The facility, which was commissioned in 2017, is subject to the Distribution System Usage price dated before January 1, 2018. The project has nearly 30 thousand photovoltaic solar panels and is expected to generate an average of 14 million kWh per year.


Wholesale and Retail Electricity Trade

Wholesale and Retail Electricity Trade


DOEL

In September 2017, Doğan Enerji restructured its wholesale and retail operations, which were launched in 2013, and paved the way towards entering new business lines aside from the increasingly limited retail sales, with a new vision. The trade company has started operating under the name DOEL in 2018. On top of its eligible consumer portfolio, it stands out with the Imbalancing Group under its umbrella and controls a roughly 5,000 MW energy generation portfolio. DOEL manages all of its portfolio round-the-clock with intra-day trading and strives to minimize the imbalances.

With a legislative amendment effected in 2018, the Final Resource Procurement Plan was introduced for industrial customers with high consumption volumes. Seeing a significant opportunity in this segment, DOEL shaped its strategy accordingly and added to its portfolio the organized industrial zones in many regions across Turkey as of April 2018. Selling a monthly average of 650 million kWh to its customers, DOEL recorded 6.5 billion kWh of total electricity sales in 2018 and outperformed many of the Authorized Supply Companies operating in this area.


© 2014 Doğan Şirketler Grubu Holding A.Ş.