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[AYDEM]
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English
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oda_MaterialEventDisclosureGeneralAbstract|
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Evet (Yes)
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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11.05.2023
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Hayır (No)
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The Geothermal Springs and Natural Mineral Water J-443 license located in Horsunlu, Aydın province, which we announced with our material event disclosure dated 11.05.2023, has been transferred to our company. As we have mentioned before, it is one of the important parts of our corporate strategy to meet all of our self-consumption in energy via our own renewable production, thus gaining an advantage in international competition by reaching our energy independence and contributing to the future of society in environmental, social and governance issues. To strengthen our position as a leading green steel production company in our industry, we aim to diversify our clean energy production resources with geothermal energy, following the solar power plants we own. With our existing solar power plants, we aim to increase our electricity production, which is 15 million kWh per year, to a total of 60 million kWh with an estimated 45 million kWh generation to be added after the completion of our Horsunlu Geo-Thermal power plant first phase investments, and to reach a level that will provide all of our consumption from our own power plants. We aim to increase our electricity generation capacity significantly and to reach a diversified and strong portfolio in terms of renewable resources in the energy sector, which we have chosen as our strategic growth area, following the additional investments in the Horsunlu Geothermal Resources and Natural Mineral Water license area. |
We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.