Energy Partnership from Leading Firms to Supply Turkish Need

Istanbul, Turkey | June 03, 2010 by D-8 Secretariat

Akenerji's Ahmet Ümit Danışman (L) and Polat Enerji's Zeki Eriş sign an agreement in Istanbul on Monday

Akenerji, one of the leading Turkish private energy companies, will have a chance to benefit from Polat Enerji’s wind turbine production capacity thanks to a protocol signed between the companies on Monday. Akenerji executives say they are eyeing new opportunities to further expand the firm’s energy supply portfolio

Akenerji, a leading private electricity generation firm in Turkey, has signed a partnership deal with Polat Enerji to buy the full capacity production of Polat Enerji’s 100 megawatts wind turbines.

The firm aims to create a trade platform in order to realize more purchase activities. The installed capacity of Akenerji will rise to 140 megawatts from 100 megawatts by the year’s end.

“We aim to supply a win-win deal for all the producers that we work with. We believe this new partnership deal model will contribute to the development of Turkey’s energy sector,” said Ahmet Ümit Danışman, the general manager of Akenerji during a press meeting in Istanbul on Monday.

Akenerji aims to become the largest and most effective energy trade platform. “We are open to all kinds of partnership deals with large or small energy production firms. We bought the 100 megawatts production capacity of Polat Enerji wind tribunes until Dec. 31,” said Danışman, adding that the deal is open and Akenerji is reflexive on the date. “If everything goes well, we can expand the date of the deal.”

Danışman noted the country’s need for qualified electricity and green energy. “We will have the chance to supply more green energy to our clients with this new deal,” he said.

Highlighting that Turkey’s electricity demand will increase to 202.7 billion kilowatts per hour in 2010, Danışman said the agreement also aims to contribute to Turkey’s electricity supply.

Turkey is expected to see a jump in demand this year as Turkey’s economy returns to growth after a 4.7 percent contraction last year, according to Danışman.

“It is expected after the recession, Turkey will see a significant growth in 2010, and the electricity demand will grow accordingly,” he added.

“Turkey’s energy demand will increase 6.5 percent in 2011,” said Danışman. “Turkey needs $100 billion energy investment within 10 years in order not to experience any bottleneck in supply.”

Noting that Akenerji aims to have 3,000 megawatts installed capacity within five years, Danışman said. “With our partner, the CEZ Group, we aim to invest in $3 billion for energy.”

With this new investment, Akenerji aims to have a share of between 7 percent and 8 percent in Turkey’s overall electricity production. “Our target is to become the largest integrated energy firm,” Danışman said.

Speaking after Danışman, Zeki Eriş, Polat Enerji’s managing director, said Polat aims to invest in renewable energy resources. “We are satisfied to sign a partnership deal with Akenerji. We share the same objectives,” Eriş said. “Both companies aim to produce more green energy.”

Currently, Polat Enerji has 100 megawatts installed capacity for wind tribunes. “However, with the licensing applications and new projects, Polat will increase its capacity to more than 1,000 megawatts within five years,” Eriş added.

The current electricity market in Turkey faces a lot of problems, according to Eriş. “Investment in wind turbines is a very expensive investment indeed. A government support mechanism for wind turbine instalment should be created,” he said.

D-8 Organization is keen on building stronger cooperation among its memberstates in energy sector. On 1-2 June 2008, the Government of The Arab Republic of Egypt has successfully hosted the Fourth D-8 Working Group Meeting on Energy in Cairo, which was attended by, among others, the D-8 Secretary General and representative from Islamic Development Bank.

D-8 will hold the 1st D–8 Working Committee Meeting on Renewable Energy on June 8-9, 2010 in Ankara, Turkey. The meeting is scheduled to talk about potentials, legislation and policies, as well as renewable energy market within the D-8 member countries. All member countries have confirmed to participate by sending their delegation consisted of public and private sectors.

News Source: Hurriyetdailynews, D-8 Media

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