Page 67 - Annual Report 2018

Ceyhan HEPP Oşkan Power Plant, Osmaniye/Turkey

nova was established in 2003 with the partnership of On behalf of Nurol and Özaltın Groups, while developing a
Nurol and Özaltın in order to produce and sell electric business plan standing on a long term operation and taking
Eenergy. Our company took over Ceyhan Hydroelectric position in energy sector, Enova Energy also contributes to
Plant's production license for 49 years with build – operate the region with its social welfare projects. In Karagedik and
model from the Energy Market Regulatory Authority in 2006. Kumarlı villages, the construction of a primary school and a
Our project Oşkan and Berkman, which is composed of mosque were completed by our company for the purpose of
regulators and power plants over Ceyhan River in Osmaniye, social welfare.
producing 250 million kWh energy annually with its 63 MW
Our Company undertook and successfully completed an
installed power.
important investment in energy field which play a leading role
Our renewable energy project with an investment value of in development of countries. At the same time, the Company
approximately 168 million dollars and 660 employed people, also endeavors to rise the society's social level better.
will contribute to carbon oscillation by reducing 160.000 tons
of CO . Ceyhan HEPP's (its units have been commissioned
2
consecutively in 2010) operating team is increasing its ENOVA POWER GENERATION INC. (Thousand TL)
experience for optimum operating conditions and also
2016 2017 2018
carrying out marketing and sales of generated electricity TOTAL ASSETS 398.891 392.550 525.641
energy with its trading team. Generated electricity is sold TOTAL EQUITY 5.425 14.537 4.539
under competitive free market conditions. By the year 2018, SALES INCOME 59.088 39.405 57.750
a total of 2.050.000 MWH of energy was sold, of which EBITDA 12.972 29.188 45.443
Figures are calculated from the consolidated financial statements in accordance with IFRS.
1.650.000 MWH is self-produced.
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