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In our public disclosure dated 21.11.2023, we disclosed that we had started drilling works for Kocaer 1 Geothermal Power Plant, which is planned to have an installed power of 24 MW in the geothermal license area numbered J443 located in Aydın Kuyucak Horsunlu-Ortakçı Village, belonging to our subsidiary Kocaer Enerji A.Ş. W
ith the decision of the Energy Market Regulatory Authority dated 21.03.2024 and numbered 12511-3, t
he preliminary license has been obtained for Kocaer 1 Geothermal Power Plant Project.
While the environmental and social impact of the Kocaer 1 Geothermal Power Plant Project is assessed with utmost care, we aim to contribute to the economic development of the region and increase social benefits, such as protecting the environment and biological resources, sustainable development of natural resources, as well as increasing employment and supply chain opportunities. Within the scope of the project, all activities from modern greenhouse cultivation to geothermal heating using the geothermal resource infrastructure will be evaluated.
It is announced to the public with respect.
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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.