Ağaoğlu Completes 2019 With Energy Investment

Hakkı Ağaoğlu

The first phase of the project of Eskisehir WPP of 125 MW has been commissioned. The investment will be completed in 2020.

Agaoglu Energy Group has commissioned the first phase of the project of Balikesir Tatlipinar WPP with an installed power of 125 MW and an investment value of approximately 850 million TL. The project will be completed upon commissioning of the second phase in 2020. The total installed power of the group will reach 227 MW.

The first phase of 20 MW of Balikesir Tatlipinar WPP has been commissioned. The total installed power of the group will reach 227 MW upon completion of the second phase to be commissioned in 2020. The electrical demand of 270 thousand houses will be met by the production of 823 million kWh of electricity per year.

“We rely on the future of this country and continue our investments.”

Hakki Agaoglu, Head of Agaoglu Energy Group, said: “As we said before, Turkey must avoid being overwhelmed by the mentality of recession in Turkish economy. Businessmen should not act with everyday decisions, but by making investments as a proof of their confidence in the national economy. We move on without slowing down investments especially in renewable energy. Our confidence in Turkish economy persists with the same determination. The projects we have realized so far and those we plan are also an indicator of this confidence. We have commissioned the first phase of 20 MW of our Balikesir Tatlipinar WPP project, which will have an installed power of 125 MW after it is completed, and started production. We will have made an investment of approximately 850 million TL by completion of the second phase in 2020.”

In his statement, Ersan Gulay, the General Manager of Agaoglu Energy Group, said:

“The total power of the power plants, which the Group has developed and commissioned so far, will reach 550MW upon completion of this project. We have one of the most experienced energy development team in Turkey. We are looking for new opportunities in the field of energy. We will continue our investments.”