[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
Related Companies
[]
Related Funds
[]
English
oda_MaterialEventDisclosureGeneralAbstract|
Material Event Disclosure General
oda_UpdateAnnouncementFlag|
Update Notification Flag
Hayır (No)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
30.11.2022
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_ExplanationSection|
Explanations
oda_ExplanationTextBlock|
Our company did not apply to EMRA (Energy Market Regulatory Authority) for 2024 calendar year for Göktaş 1-2 Hydroelectric Power Plant and Akıncı Hydroelectric Power Plant, which are among our power plants that have the right to the "Renewable Energy Resources Support Mechanism (YEKDEM/FIT)" established for the facilities generating electricity from renewable energy sources and providing a fixed price guarantee in US Dollars. So, our Company preferred to switch to the spot market for these 3 power plants with a total installed power of 374.60 MWm. This result corresponds to 52.6% of our power plants with a total installed power of 712.65 MWm, which have rights under FIT as of 2024, and 32.1% of our total installed power of 1,167.63 MWm. The remaining 5 of our power plants, which are operating within the scope of FIT, with a total installed power of 338.05 MWm, will continue to use their FIT rights in 2024.

Our company has the right to make a new assessment at the end of 2024 and make a new decision for the following year according to the developments during the year.

Respectfully announced to the public.

This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.