Recently, OME (Eurasia) Pte., a wholly-owned company of Kaishan Group Co., Ltd. (hereinafter referred to as “OME Eurasia”) and Sonsuz Enerji Holding BV (hereinafter referred to as “Sonsuz”), completed the Transmark Turkey Gulpinar Yenilenebilir Enerji Urtetim Sanayi ( hereinafter referred to as “TTG”) company equity change procedures, and completed the delivery procedures stipulated in the “TTG Company Equity Subscription and Shareholder Agreement” signed by OME Eurasia and Sonsuz. TTG’s new shareholder structure and board members have been carried out in Turkish industrial and commercial institutions inform. So far, OME Eurasia has become a shareholder, holding a 49% stake in TTG, and Sonsuz holds a 51% stake. TTG shareholders and new board members met for the first board meeting in Izmir. The CEO reported the company’s operations and the development of the Turkish energy and electricity market to the board of directors. The board of directors discussed the company’s rules of procedure, operating procedures, development plans and budgets for TTG projects, financing planning, and other topics. Note: Transmark GPP projects owned by TTG enjoy a fixed feed-in tariff of up to US1105/MWh. Possesses a core license for 19MW geothermal resource development and power station construction. The first phase of the power station (3.2 MW, undertaken by a member company of Kaishan Group) has been put into operation stably for nearly two years. It is one of the few high-quality geothermal projects in Turkey that can be developed. It still enjoys high fixed electricity prices, and the risk of resource expansion is relatively small.
Post time: Apr-23-2023