Can2 Termik

Can2 Termik A.S. is a power generation company that operates a thermal power plant in the Yayakoy area of the Can district of Canakkale. The company has been part of the ODAS group since 2013, and its shares trade on Borsa Istanbul under the ticker CANTE.

The plant runs entirely on domestic lignite and uses pulverized combustion technology. One of the factors the group highlighted when acquiring the company was a paid-up royalty-based mining right (known in Turkey as rodovans) over a coal field with high calorific value. The facility received ministry acceptance and began commercial operations in 2018, moved to stable production in 2019 and obtained its environmental permit thanks to its flue gas treatment systems. ODAS raised its stake in the company to full ownership in 2020, and the shares then began trading on the exchange in 2021. The electricity and capacity produced are sold to customers in the market.

For coal-fired plants, the market clearing price, capacity mechanism payments, coal extraction and transport costs, carbon and environmental regulations, and the plant's availability rate are closely monitored. For CANTE shares, the strategy of the parent company ODAS and intra-group financing relationships are also part of the assessment.