Akenerji Elektrik Üretim A.Ş. (AKENR)

Overview

Akenerji Elektrik Üretim A.S., established in 1989 and headquartered in Istanbul, Turkey, is a prominent figure in the energy sector, especially in electricity generation, transmission, and trading, both within Turkey and internationally. The company boasts a diverse portfolio of energy production facilities, including hydroelectric, wind, and natural gas combined cycle power plants. With a total installed capacity of 1,224 megawatts, Akenerji Elektrik Üretim A.S. is a critical player in ensuring the sustainability and reliability of energy supply in the regions it operates. In addition to its core operations in electricity, Akenerji is also engaged in the natural gas trading market, further expanding its influence and capabilities in the energy sector.

Products and Services

• Hydroelectric Power Generation - Akenerji utilizes water, an abundant and renewable resource, to generate electricity. This method plays a significant role in the company's commitment to sustainable energy practices and contributes to the diversification of Turkey's energy sources. Hydroelectric power plants harness the kinetic energy of flowing or falling water to generate electricity, making it a clean and environmentally friendly source of power.
• Wind Power Generation - By tapping into the power of wind, Akenerji operates wind power plants to produce electricity. Wind energy is a pivotal part of Akenerji's renewable energy portfolio, emphasizing the company's dedication to reducing greenhouse gas emissions and combating climate change. Wind power generation involves converting the kinetic energy from wind into electrical energy, which is then fed into the grid for distribution to consumers.
• Natural Gas Combined Cycle Power Plants - Akenerji's natural gas power plants are designed to use natural gas in the most efficient manner possible. These plants operate on the principle of combined cycle technology, where waste heat from gas turbines is used to generate additional electricity via a steam turbine. This method enhances the efficiency of electricity generation, making it a more sustainable option compared to traditional fossil fuel-based power plants.
• Natural Gas Trading - Apart from electricity generation, Akenerji is actively involved in the natural gas trading business. This aspect of the company's operations involves the buying, selling, and commercial trading of natural gas. Through its participation in the natural gas market, Akenerji contributes to the stability and reliability of energy supply, ensuring that both residential and industrial consumers have access to this critical resource.