Aydem Renewables, the largest company of Turkey that produces energy from 100% renewable resources, has incorporated the Akköprü Hydroelectric Power Plant by submitting the highest bid of 605 million Turkish Liras in the tender held by the Directorate of Privatization Administration. With this breakthrough, Aydem Renewables has increased its number of power plants to 26 and raised its installed power from 1,020 MW to 1,135 MW.
As a subsidiary of Aydem Energy, the pioneering company of the energy sector with its experience of more than 40 years, Aydem Renewables, operating in the field of renewables, continues to increase its installed power by developing its portfolio.
Aydem Renewables that has won the privatization tender of Akköprü HPP, which was held on Wednesday, September 23, by submitting the highest bid of 605 million TL, will increase its total installed power in renewable energy from 1,020 MW to 1,135 MW and hence will achieve an 11% growth.
Stating that they aim to double up the portfolio of Aydem Renewables in five years, Aydem Energy Chairman of the Board of Directors Ceyhan Saldanlı said, “The acquisition of Akköprü HPP is a very important step in respect of our goal of reaching 2,000 MW levels, by doubling up the power of our portfolio within 5 years. With this investment appetite, by placing the renewable energy on our focus, as we always do, we shall continue to evaluate the opportunities that will improve our portfolio.”
Akköprü Hydroelectric Power Plant
Akköprü HPP, which has an installed power of 115 MW on the Dalaman Stream, located in the Köyceğiz district of Muğla, shall be able to meet the annual electricity needs of 187 thousand houses, with an annual production capacity of 343 GWh. With this privatization accomplished, Aydem Renewables will operate the Akköprü HPP, which is the 7th hydroelectric power plant in the region and the 21st in its hydroelectric portfolio, for 49 years.
About Aydem Renewables
Aydem Renewables, an Aydem Energy subsidiary operating in the field of renewable energy generation, with its 26 renewable energy power plants spread throughout Turkey, reaches an installed power of 1,135 MW. The Company which has accomplished the first private hydroelectric plant of Turkey In 1995, contributes to Turkey's growth with sustainable resources. Generating electricity from hydroelectric, wind, geothermal and landfill gas sources, Aydem Renewables conducts or coordinates the development and construction works of the power plants in its portfolio from design to engineering and operation stages under its own roof. The Company, which has been chosen as the electricity sector leader in Turkey last year, by the most important independent rating companies in the world, namely by Vigeo Eiris / Moody's, in environmental-social-governance (ESG) performance rankings, has been deemed worthy of Great Place To Work® (Great Workplace) Certificate award by the Great Place to Work Turkish Institute this year, with the investment it has made in the human resources. Aydem Renewables is among the signatories of the UN Global Compact, the world's most comprehensive sustainability platform that offers universal principles that will shape the future of the business world.