Akenerji Electric Generation

Akenerji Elektrik Uretim A.S. is a power generation company operating under an equal-share strategic partnership between Akkok Holding and the Czech energy company CEZ Group. It is headquartered in Beyoglu, Istanbul, and has operated as an independent power producer since 2005. AKENR shares trade on Borsa Istanbul.

The center of gravity of the portfolio is the Erzin Natural Gas Combined Cycle Power Plant in Hatay, commissioned in 2014. The company turned to renewable investments from 2005, commissioned the Ayyildiz Wind Power Plant in 2009 and gradually brought hydroelectric plants into operation. While feasibility studies continue for the planned Kemah Hydroelectric Power Plant project in Erzincan, a solar plant at the Erzin site is also on the agenda. Electricity trading, operation and maintenance, and capacity leasing services are offered as well; the company provides operation and maintenance services at a biomass plant in Konya and at the Khabat thermal power plant in Erbil, Iraq.

For producers weighted toward gas-fired plants, investors track the spread between spot electricity and natural gas prices, capacity mechanism payments, hydrological conditions, foreign currency debt and the progress of renewable investments. On Lzzo.com you can review the Akenerji share chart and technical indicators.