ERE Group is committed to a strong investment program in the rising and
promising Turkish energy sector.
In order to meet the surge in demand for energy in
parallel to the rapid growth in the Turkish economy, and as a part of
that liberalisation itself, Turkish Government decided in the early 1980s
to allow private enterprises to operate in the Turkish energy sector.
Two major changes in the legal framework regulating the
sector ended the monopoly of the public organizations and encouraged
private companies to invest in energy generation within
Building upon 30 years of experience in engineering,
project management, finance and organisation, acquired through a
portfolio of major construction projects, ERE assumed its position as an
Operator and Investor in the energy sector.
ERE, with Sucati Dam and HEPP project, is one
of the pioneer companies to realize an Energy project under
Build-Operate-Transfer Model. ERE was the first in Turkey that used
RCC(Roller Compacted Concrete) type of dam.
Following construction and comissioning of this
project, activities in the energy sector continued with projects under
Autoproducer status. In this context, contracts for three autoproducer
projects were signed with Ministry of Energy and investment of the first
project, Birkapili HEPP commenced.
Enactment of Electricity Market Law No:4628,
liberalized Turkish electricity sector as in all developed countries and
enabled private enterprise to perform energy generation activities under
free market principles and Generation Licence framework.
Upon these developments, ERE decided to continue with
investment of three autoproducer projects under free market conditions.
The first one of these projects was Birkapılı HEPP,being the highest in
Turkey and seventh in the world ranking with its 1010 m. Nominal Head.
Upon completion of works, Preliminary Acceptance is signed on March 11th
2004 and Commercial Operation commenced.
Secondly,Generation Licences for 40 years were obtained
from EMRA on October 2nd, 2003 for Gazipasa Energy Group. The duration
of Licences are modified as 49 years in August 31,2006. Preliminary
acceptance of Kizilduz HEPP with installed power of 16 MW is signed on
September 8, 2006, whereas preliminary acceptance of Sahmallar HEPP with
installed power of 14 MW is signed on November 15, 2006. Following the
preliminary acceptance, commercial operation started in both of the HEPPs
For the last investment of ERE, Kandil Energy Group,with
installed power of 308.6 MW, Generation Licences for 49 years were issued
by EMRA on 09/03/2006. The project will constitute 2.4 % of the Turkey's
Installed Hydroelectricity Power when it starts operating.
EREs energy investments will continue with many
projects in our portfolio.