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In line with Türk Telekom Group's strategic investment plans and sustainability agenda, our Company plans to accelerate its Solar Power Plant (SPP) investments in the near future, in order to reduce our carbon footprint, contribute to climate risk management, and create financial value.
As part of this agenda, Turkish Electricity Transmission Corporation (TEİAŞ) has informed our Company of allocation of an instalment capacity of 317.8 MWe within the framework of the relevant Article 5/1h of the Regulation on Unlicensed Electricity Generation in the Electricity Market. TEİAŞ will be providing its opinion about technical details in the next step of the process. This capacity corresponds to nearly 50% of our current total electricity consumption. Furthermore, we have pending applications for further capacity of which the assessment processes continue.
In our view, this development represents a turning point that enhances our Company's potential in areas such as contributing to environmental protection, creating energy efficiency, and increasing the use of renewable energy. We believe we will make significant progress towards achieving Türk Telekom Group's sustainability goals with the initiatives that we will implement in the coming period.
Investments in solar power plants are planned to be undertaken in Diyarbakır, Ağrı, and Sivas provinces, on lands to be leased for 29 years from the General Directorate of National Property of the Ministry of Environment, Urbanization and Climate Change of the Republic of Türkiye.
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