Page 67 - Annual Report 2019

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
Our renewable energy project with an investment value of role in development of countries. At the same time, the
approximately 168 million dollars and 660 employed people, Company also endeavors to rise the society's social level
will contribute to carbon oscillation by reducing 160.000 tons better.
of CO . Ceyhan HEPP's (its units have been commissioned
2
consecutively in 2010) operating team is increasing its
experience for optimum operating conditions and also ENOVA POWER GENERATION INC. (Thousand TL)
carrying out marketing and sales of generated electricity
energy with its trading team. Generated electricity is sold 2017 2018 2019
TOTAL ASSETS 392.550 525.641 566.529
under competitive free market conditions. By the year 2019, a
SALES INCOME 39.405 57.750 114.385
total of 2.370.000 MWH of energy was sold, of which EBITDA 29.188 45.443 98.515
1.900.000 MWH is self-produced. Figures are calculated from the consolidated financial statements in accordance with IFRS.
66