Turkiye’s largest electricity generation companies have been announced: EUAS was at the top

In the MW100 Turkiye Survey, where Turkiye’s 100 largest electricity producers were determined, Electricity Production Inc. (EUAS) was at the top with a production capacity of 21 thousand 802 megawatts.

According to the “MW100, Turkiye’s 100 Largest Electricity Producers Research” prepared by the international consultancy company Kearney and the Energy Daily company, the public company EUAS maintains its dominance in the sector.

According to the research conducted on the installed power of electricity producers as of December 31, 2023, power plants affiliated with EUAS have an installed power of 21 thousand 802 megawatts.

This capacity constitutes 20 percent of Turkiye’s total installed production capacity of 106 thousand 659 megawatts. 14 thousand 451 megawatts of EUAS’ installed power comes from hydroelectric power plants, 4 thousand 735 megawatts from natural gas power plants, 2 thousand 424 megawatts from domestic coal power plants and 17 megawatts from wind power plants.

In the private sector, ENKA was the largest company in this field with an installed power of 3 thousand 978 megawatts. With this capacity, ENKA constituted 4 percent of Turkiye’s total production capacity.

Officials of Energy Daily and Kearney Turkiye, who signed the research, pointed out that although the installed capacity of ENKA’s natural gas power plants is high, their production activities are gradually decreasing due to market conditions.

The third largest electricity producer was Enerjisa with an installed capacity of 3 thousand 792 megawatts. Enerjisa, a partnership between German E.ON and Sabanci Holding, stood out as the company with the most balanced resource distribution among the top 3.

In the research, it was determined that Enerjisa’s production portfolio includes 1583 megawatts of natural gas, 450 megawatts of domestic coal, 1353 megawatts of hydroelectricity and 397 megawatts of wind power plants.

The research also noted that EUAS ranked first in electricity production last year. Power plants affiliated with EUAS produced 43.4 terawatt hours of electricity, corresponding to 13 percent of the total electricity produced by Turkiye. In the private sector, the first place went to Eren Enerji with 18.4 terawatt hours. Enerjisa Uretim, which ranked third, maintained its position with a production of 13.1 terawatt hours.

On the other hand, MW100 Turkiye also revealed the Top 10 players of the electricity generation sector in terms of resources. Eren Energy was at the top of the list in coal power plants, EUAS in hydroelectricity, Polat Holding in wind power plants, and Zorlu Energy in geothermal.

New installations consist mostly of renewable resources

Kearney Turkiye Director Onur Okutur, whose views were included in the statement, stated that Turkiye’s electricity installed power is at the level of 106 thousand megawatts, and almost all of the new installations consist of electricity production facilities based on renewable resources.

Okutur stated that the energy management has recently started to issue greenfield electricity generation facility licenses conditional on storage investment and said, “It would not be wrong to say that the investments entering through this opened door will be among the factors that will mark the development of the electricity generation ecosystem in the coming years.”

Energy Daily Editor-in-Chief Mehmet Kara emphasized that there is a big difference in the electricity sector compared to 5 years ago, when MW100 was first published and said:

“In the intervening period, the link between the installed power and the amount of electricity produced has almost been broken. This situation is not caused by anything to be afraid of. Almost all of the new electricity generation plants that have come into operation in recent years are facilities based on renewable resources. Since solar and wind power plants only operate when the sun is shining and the wind is blowing, the amount of electricity they produce is determined accordingly, even if their installed power is high. Another factor is that, as renewable sources reduce electricity production costs, the average annual operating hours of coal-based power plants have decreased significantly.”

Source: AA / Prepared by Irem Yildiz

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