MENU TR

History

  1. 1997

    Aksa Energy was established as a subsidiary of the Kazancı Group.

    A biogas power plant was established in Bursa.

  2. 1999

    Hakkari Heavy Fuel Oil (HFO) Power Plant became operational.

  3. 2001

    The second HFO power plant was established in Hakkari.

    Şırnak HFO Power Plant was commissioned.

    Mardin HFO Power Plant became operational.

  4. 2003

    A 20 MW mobile HFO power plant was commissioned in the Turkish Republic of Northern Cyprus and a five-year power purchase agreement was signed with KIB-TEK.

    Samsun HFO Power Plant was purchased from EÜAŞ.

  5. 2004

    Hakkari HFO Power Plant was moved to Northern Iraq.

  6. 2005

    Northern Cyprus Kalecik HFO Power Plant’s installed capacity was increased.

  7. 2006

    Mine operating rights were obtained from the General Directorate of Turkish Coal for Bolu Göynük Thermal Power Plant.

  8. 2007

    Mardin 2 HFO Power Plant was commissioned.

  9. 2008

    The Karakurt, Sebenoba and Şamlı Wind Power Plants (WPP) started commercial operations.

    The first 200 MW unit of Ali Metin Kazancı Antalya Natural Gas Combined Cycle Power Plant became operational.

  10. 2009

    The capacity of Karakurt WPP was
    increased.

    The duration of the contract with Northern Cyprus Kalecik HFO Power Plant with KIB-TEK was extended by 15+3 years to 2027.

    Samsun Power Plant was converted from heavy fuel oil to natural gas.

  11. 2010

    Aksa Energy held its IPO.

    The capacity of Karakurt WPP was increased.

    Van Natural Gas Combined Cycle Power Plant’s combined cycle investment was completed and the capacity was increased.

  12. 2011

    Bursa Biogas Power Plant’s license was cancelled.

    Çorum İncesu HEPP became operational.

    Northern Cyprus Kalecik HFO Power Plant’s capacity was increased.

    Şanlıurfa Natural Gas Combined Cycle Power Plant became operational.

    Şamlı WPP’s capacity was increased.

    Samsun Power Plant was converted into a natural gas combined cycle power plant.

    Kıyıköy WPP was acquired by Aksa Energy.

    An 11.7 MW steam engine and combined cycle investment in Şanlıurfa Natural Gas Power Plant was completed and commissioned.

    A 13 MW steam engine was commissioned at Northern Cyprus Kalecik Fuel Oil Power Plant.

    Ali Metin Kazancı Antalya Natural Gas Combined Cycle Power Plant was completed, reaching 1,150 MW installed capacity.

    Ayvacık WPP started commercial operations.

    Şamlı WPP’s capacity was increased by 24 MW.

    The power plant in Northern Iraq was moved to Mardin, and Mardin 2 Power Plant was established.

  13. 2012

    Construction of Bolu Göynük Thermal Power Plant began.

  14. 2013

    The Company acquired a 93% stake in Kapıdağ WPP.

    Hakkari Plant’s production license was cancelled.

  15. 2014

    A 14 MW section of Belen/Atik WPP became operational.

    Kapıdağ WPP’s capacity was increased.

    A 24 MW section of the Kıyıköy WPP project was completed and started commercial operations.

    Aksa Energy took over Siirt Akköy HFO Power Plant.

    Sebenoba WPP’s capacity was increased.

  16. 2015

    Kıyıköy WPP’s capacity was increased.

    Sebenoba WPP’s capacity was increased.

    A contract was signed with the government of the Republic of Ghana regarding the establishment of a heavy fuel oil power plant and the sale of electricity generated.

    Bolu Göynük Thermal Power Plant’s first phase with 135 MW capacity started commercial operations.

    Production licenses of Samsun Natural Gas Combined-Cycle Power Plant, Van Natural Gas Combined-Cycle Power Plant and Siirt Akköy HFO Power Plant were cancelled.
    license was cancelled.

    Turkrating assigned Aksa Energy ratings of TR A+ and TR A2 in recognition of its high loan quality and strong debt repayment capacity.

    The license capacity of Kozbükü HEPP was expanded.

    Aksa Energy joined the BIST Sustainability Index.

    Aksa Aksen Enerji Ticareti A.Ş. became a market maker in Base-Load Electricity Futures Contracts on Borsa Istanbul’s Derivatives Market.

    Aksa Energy issued its first corporate bond.

    Şanlıurfa Natural Gas Combined Cycle Power Plant’s capacity was increased.

    Northern Cyprus Kalecik HFO Power Plant’s capacity was increased.

  17. 2016

    Bolu Göynük Thermal Power Plant’s second phase commenced commercial operations with an installed capacity of 135 MW.

    Aksa Energy’s subsidiary Siirt Akköy Enerji Üretim A.Ş., which owns Akköy Hydroelectric Power Plant, executed a share transfer.

    Turkrating reiterated TR A+ and TR A2 ratings for Aksa Energy due to its high loan quality and strong debt repayment capacity.

    The Company performed two bond issuances with maturity terms of two years and three years, with a total nominal value of TRY 200 million.

    An agreement was executed with the Republic of Madagascar for the installation of a 120 MW fuel oil power plant and sale of electricity generated.

    Kozbükü Hydroelectric Power Plant commenced commercial Operations with an installed capacity of 81 MW.

    An agreement was signed with the Republic of Mali for the installation of a fuel oil power plant with an installed capacity of 40 MW and sale of electricity generated.

    Kozbükü Hydroelectric Power Plant was sold.

    An agreement was executed concerning the sale of the Sebenoba, Karakurt, Şamlı, Ayvacık, Kapıdağ and Belen/Atik WPPs.

  18. 2017

    The licenses of Mardin 1, Mardin 2 and İdil (Şırnak) HFO Power Plants were cancelled.

    The sales agreement for Kıyıköy WPP was signed.

    Ayres Ayvacık, Hatay Sebenoba, Manisa Karakurt, Belen Atik, Kapıdağ, Kıyıköy and Şamlı WPPs were sold.

    Ghana HFO Power Plant began commercial operations with an installed capacity of 280 MW.

    Madagascar HFO Power Plant’s first phase, with an installed capacity of 66 MW, was completed and began commercial operations.

    Mali HFO Power Plant was completed and began commercial operations.

    Turkrating affirmed that Aksa Energy had a low credit risk in terms of its capacity to meet long-term financial liabilities.

  19. 2018

    İncesu Hydroelectric Power Plant was sold.

    Goldman Sachs International’s equity stake in Aksa Energy was transferred back to Kazancı Holding.

    A guaranteed sales agreement was signed with Societe Jiro Sy Rano Malagasy (Jirama) for the rehabilitation and operation of 24 MW CTA-2 HFO Power Plant in Madagascar, which became operational with the commissioning of 12 MW in December.

    Ghana HFO Power Plant’s installed capacity was increased to 370 MW from 280 MW.

    The installed capacity of Ali Metin Kazancı Antalya Natural Gas Combined Cycle Power Plant was decreased to 900 MW from 1,150 MW.

    An application was filed with the Energy Market Regulatory Authority to revoke the electricity generation license of Manisa Natural Gas Combined Cycle Power Plant.

  20. 2019

    Madagascar CTA-2 HFO Power Plant reached 24 MW in capacity.