Esenboga Elektrik Üretim A.Ş.  has signed a contract with Özyer Group (Hasan Özyer and Ömer Özyer) for the acquisition of 11 Solar Power Plants, which were developed and built under License Free Electricity Generation Regulation, in line with the goal of increasing its investments in the field of Solar Energy and its Public Offering commitments.

Solar power plants subject to acquisiton are operational and located in Afyon and their total installed power capacity is 12.275 kWp.

The electricity generated in these power plants will be purchased for 10 years from the date of provisinial acceptance date at a price of 13.3 USDcent / kWh under the purchase guarantee in accordance with the laws numbered 5346 and 6094. Approximately 20 Million kWh of solar energy generation, 2,660,000 US Dollars of sales revenue and 2,500,000 US Dollars of net income are expected in 2021 from these plants.

With this acquisition, total installed solar power capacity of Esenboğa Elektrik Üretim A.Ş. will increase by 38% and reaching at power of 46,060 kWp.

Based on the sales price, 100,000 USD (One Hundred Thousand US Dollars) of advance payment has been made to Özyer Group (Hasan Özyer and Ömer Özyer). Acquisition process will be completed after the completion of transfer process.

We are pleased to make this public announcement with all due respect.