Our first Sustainability Report, which is compliant with GRI standards, and our TSRS-compliant Sustainability Report are now available! 🌍
This report transparently outlines the steps we have taken and the projects we have implemented in the areas of the environment, society and governance.
To review the report: Link
#ODAŞ #Sustainability #ESG #GRI #TSRS
Our 340 MWm Çan2 Thermal Power Plant, fueled by domestic coal resources, not only strengthens Turkey’s energy security but also supports our efforts in delivering forward-thinking energy projects abroad. With our strong capital structure and experience in the sector, we have achieved significant success in Asia with the ODAŞ CA Natural Gas Combined Cycle Power Plant. Following the agreement signed with the Uzbekistan government in March 2021, we brought our power plant into production in just six months. As of April 2024, our power plant has reached an installed capacity of 174 MWe, operating at full capacity and becoming the most efficient in the region with a 49% efficiency rate. This facility provides uninterrupted energy to around 500,000 households and is directly connected to Uzbekistan's national electricity transmission network. According to 2024 data, it meets 35% of the Harezm Region's electricity needs.
One of the most notable features of our power plant is that it was constructed by dismantling our existing plant in Southeastern Anatolia, Turkey, and relocating it to Uzbekistan. This revolutionary project demonstrates forward-thinking in energy investment, optimising costs and ensuring the efficient use of resources. In addition, ODAŞ CA is the second energy power plant in Uzbekistan to be realised through private initiative, and the largest electricity power plant in the Khorasan region to be constructed by the private sector. This unique project is also a key component of ODAŞ's global growth strategy. Our 25-year USD-based energy sales agreement (PPA) secures our revenue model and strengthens our financial sustainability. ODAŞ CA is strengthening the economic relationship between Turkey and Uzbekistan. According to data from 2024, Turkey's exports to Uzbekistan totalled $2.2 billion, while imports totalled $1.1 billion. Furthermore, Turkey is Uzbekistan's fifth-largest exporter. ODAŞ CA will play a critical role in the future. Uzbekistan's ability to convert its natural resource wealth into energy with ODAŞ's involvement sets the stage for Turkey to gain an advantage in future major projects.
As ODAŞ, we aim to continue creating value in Uzbekistan in line with our principles of sustainability, efficiency and responsible production. We support Uzbekistan's goals of reaching 15 GW of renewable energy capacity by 2030 and generating more than 40% of its electricity from clean sources. In line with this, we are planning a strategic Phase II expansion by integrating a 50 MW solar energy project and additional natural gas piston unit capacity. Finally, the ODAŞ CA Power Plant, with its technical, economic, and sustainable values, serves as a model not only for Uzbekistan but also for the region's energy transition. With this investment, we are not only producing energy but also saying to countries seeking to ensure energy supply security, ‘There is a new way.’
Our first Sustainability Report, which is compliant with GRI standards, and our TSRS-compliant Sustainability Report are now available! 🌍
This report transparently outlines the steps we have taken and the projects we have implemented in the areas of the environment, society and governance.
To review the report: Link
#ODAŞ #Sustainability #ESG #GRI #TSRS
Our 340 MWm Çan2 Thermal Power Plant, fueled by domestic coal resources, not only strengthens Turkey’s energy security but also supports our efforts in delivering forward-thinking energy projects abroad. With our strong capital structure and experience in the sector, we have achieved significant success in Asia with the ODAŞ CA Natural Gas Combined Cycle Power Plant. Following the agreement signed with the Uzbekistan government in March 2021, we brought our power plant into production in just six months. As of April 2024, our power plant has reached an installed capacity of 174 MWe, operating at full capacity and becoming the most efficient in the region with a 49% efficiency rate. This facility provides uninterrupted energy to around 500,000 households and is directly connected to Uzbekistan's national electricity transmission network. According to 2024 data, it meets 35% of the Harezm Region's electricity needs.
One of the most notable features of our power plant is that it was constructed by dismantling our existing plant in Southeastern Anatolia, Turkey, and relocating it to Uzbekistan. This revolutionary project demonstrates forward-thinking in energy investment, optimising costs and ensuring the efficient use of resources. In addition, ODAŞ CA is the second energy power plant in Uzbekistan to be realised through private initiative, and the largest electricity power plant in the Khorasan region to be constructed by the private sector. This unique project is also a key component of ODAŞ's global growth strategy. Our 25-year USD-based energy sales agreement (PPA) secures our revenue model and strengthens our financial sustainability. ODAŞ CA is strengthening the economic relationship between Turkey and Uzbekistan. According to data from 2024, Turkey's exports to Uzbekistan totalled $2.2 billion, while imports totalled $1.1 billion. Furthermore, Turkey is Uzbekistan's fifth-largest exporter. ODAŞ CA will play a critical role in the future. Uzbekistan's ability to convert its natural resource wealth into energy with ODAŞ's involvement sets the stage for Turkey to gain an advantage in future major projects.
As ODAŞ, we aim to continue creating value in Uzbekistan in line with our principles of sustainability, efficiency and responsible production. We support Uzbekistan's goals of reaching 15 GW of renewable energy capacity by 2030 and generating more than 40% of its electricity from clean sources. In line with this, we are planning a strategic Phase II expansion by integrating a 50 MW solar energy project and additional natural gas piston unit capacity. Finally, the ODAŞ CA Power Plant, with its technical, economic, and sustainable values, serves as a model not only for Uzbekistan but also for the region's energy transition. With this investment, we are not only producing energy but also saying to countries seeking to ensure energy supply security, ‘There is a new way.’
