Karadeniz Holding, which took a step in the energy sector in 1996, carries out the projects in this area with Karadeniz Elektrik Üretim A.Ş. (Karkey). The investments in two main areas, land plants and electricity trade, blazed a trail in Turkey.

Land-based Power Plants

KARKEY started commercial production in Silopi district of Şırnak with its first thermal power plant in 1999. After the decision of liberalization in the energy sector, Karkey became the first company that got more than one license along the energy value chain. Silopi Thermal Power Plant provided electricity to the northern region of Iraq through cross-border lines for 12 years. Karkey is the first private company engaged in electricity exports from Turkey. It was awarded the first prize by Istanbul Mineral and Metals Exporters’ Association in 2006 and 2010, the second prize in 2008 and the third prize in 2007, 2009 and 2014.

Karege, a Karkey affiliate, produced electricity at the natural gas power plant of 42 MW in İzmir Kemalpaşa between 2003 and 2016. Idil, another affiliate, produced electricity at the thermal power plant of 11 MW in İdil district of Şırnak between 2003 and 2015.

Targeting to increase the investment in land-based power plants in the country, Karkey company started to invest in geothermal with a total reserve of 200 MW in Aydın in 2015 and started to produce 24 MW at the end of 2017. Again in 2017, it has established a solar energy plant located on an area of 200.000 m² in Hatay.

The installed capacity of Karkey in Turkey has become more than 500 MW with its production, wholesale and export licenses.

Karkey continues to develop innovative projects with thermal power plants and renewable energy sources in the country.

Thermal Power Plant

Silopi - Şırnak

Our facility, which was established on the border of Sirnak province in 1999, is producing in Silopi province with an installed power of 181 MW. Between 2003 and 2015, the Silopi plant secured the electricity of the northern region of Iraq with cross-border lines.

Şırnak

181 MW

Geothermal Power Plant

Aydın - Umurlu

Our facility, which was established in the province of Aydin in 2015, is producing in Umurlu with 24 MW installed power. The reserve is 200 MW.

Aydın

24 MW

Solar Energy

Hatay

Our solar power plant was built on an area of ​​approximately 200,000 m² has contributed to Turkey's electricity production 11mwp production capacity.

Hatay

11 MW

Electricity Trade

Karadeniz Energy Group companies have been one of the leading companies in the sector with both electricity trade and cross border electricity export activities through bilateral agreements.

Within the framework of electricity purchase and sale agreement signed with the Republic of Iraq Ministry of Electricity, from Turkey to Iraq since 2003 and 9 billion Kwh of electricity was exported. Our company, in this context, Turkey Exporters Assembly every year has kept its place among the 100 largest exporting companies in Turkey disclosed. Istanbul Mineral and Metals Exporters' Association (IMMIB) was awarded the "IMMIB Export Star Award" twice in 2006 and 2010 in its category.