[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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Material Event Disclosure General
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Hayır (No)
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Hayır (No)
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Date Of The Previous Notification About The Same Subject
19.03.2024
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Hayır (No)
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Announcement Content
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Explanations
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Within the scope of Renewable Energy Resource Areas (YEKA GES-4) signed between RAL ENERJİ A.Ş., one of the Subsidiaries of our Company, and the Ministry of Energy and Natural Resources of the Republic of Turkey on 08.08.2022, we continue our investments in line with our projections in "VİRANŞEHİR-4, VİRANŞEHİR-9 projects with a total capacity of 100 MWe/130 MWm within the borders of Viranşehir District of Şanlıurfa Province;

In order to meet the financing requirements and increase the liquidity, the first tranche of the loan allocated to our Company by Türkiye Vakıflar Bankası T.A.O. with a total limit of USD 55,000,000 (Fifty-five million American dollars), and a total maturity of 7 years, including 1 year grace period, was used on 19.03.2024 (Today) and payments were made to the suppliers.

The Solar Power Plant Investment processes are progressing as initially planned and the first electricity generation is targeted to be initiated in June 2024.