ENERGY
AKKOY ENERGY INC.
Established in 1999, Akköy Enerji has undertaken construction and commissioning of Akköy I HEPP and Akköy II HEPP projects, which are among important energy projects carried out by private enterprise in Turkey, within license period of 49 years as well as operating thereof until the end of license period.

Majority shareholder of Akköy Enerji is Kolin İnşaat Turizm San. ve Tic. A.Ş. with its 97% share. 33- year work experience, engineering know-how and market experience owned and the trust built up in the markets by Kolin İnşaat are the principal driving force for Akköy Enerji as well as the other companies within the group which carry out activities in different sectors. The most important advantages of Akköy Enerji compared to other companies operating in the same field in Electricity Market are its ability to establish high-quality and cost-efficient facilities thanks to the experienced staff, knowledge and technical capabilities of Kolin, and its ability to ensure low cost and high efficiency in operating activities with its staff formed with the same understanding.

Akköy Enerji holds a production license that includes the use of renewable energy resources for the said projects. In accordance with the Law No. 5346 on Utilization of Renewable Energy Resources for the Purpose of Generating Electric Power, the company is authorized to sell the electric power to be generated by it to distribution companies or free consumers and wholesale and retail sale companies through bilateral agreements, or to the balancing market in accordance with Balancing and Settlement Regulation, at the average wholesale price of electricity for Turkey, established by the Energy Market Regulatory Authority annually with a minimum limit of 5 and a maximum limit of 5,5 Eurocent/kWh.



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ALBE ENERGY INC.

Albe Enerji Elektrik, Elektronik, Danışmanlık, Müşavirlik, Petrol, Madencilik, Tarım, Hayvancılık, Sanayi ve Ticaret A.Ş. was established after changing from Albe Enerji Elektrik, Elektronik, Danışmanlık, Müşavirlik, Petrol, Madencilik, Tarım, Hayvancılık, Sanayi ve Ticaret Limited Şirketi, registered on the Ankara Commercial Registry Gazette No. 287215. The company carries out all necessary investments for the establishment of power plants both in Turkey and abroad, as well as the leasing and running of existing or to-be-built facilities.

ANC ENERGY PRODUCTION AND TRADE INC.

ANC Energy, established in 2008 in order to construct hydroelectric plants in energy sector won the tender for Artvin-Altıparmak Dam Hydroelectric Plant.

ATLAS MACHINERY INDUSTRY ENERGY AND TRADE INC.

One of the investor companies of the group in energy sector, Atlas Machinery was established in 1982.

CAMLI ENERGY INC.

Another joint venture of Kolin Inşaat, Cengiz Holding and Limak Holding, Çamlı Enerji Dağıtım ve Perakende Satış Hizmetleri A.Ş. was established to carry out repair and maintenance work, connection and disconnection of services, meter readings, and other support services related to electricity distribution and resale operations. In 2011, Çamlıbel Elektrik Dağıtım A.Ş., a company owned by the same group, will continue electricity distribution operations in Sivas, Yozgat, and Tokat as per its license from the Energy Markets Regulatory Authority. The company aims to provide electricity distribution services in other regions as well.

CAMLIBEL EDAŞ

On September 1, 2010, 100 percent of Çamlıbel Elektrik Dağıtım A.Ş. (ÇEDAŞ) shares were acquired from the Privatization Administration on behalf of Çamlı Enerji Dağıtım ve Perakende Satış Hizmetleri A.Ş by a consortium consisting of Kolin Inşaat, Turizm, Sanayi ve Ticaret A.Ş., Limak Holding, and Cengiz Holding. ÇEDAŞ provides electricity distribution and resale services to 739,617 subscribers over an area of 52,000 square kilometers consisting of Sivas, Tokat, and Yozgat. It has a total of 1,398 employees of which 456 are directly employed by the Company and 942 are contract employees. In 2010, 2,380,157,995 kWh of electricity was purchased from the company, of which 2,246,001,069 kWh were collected. Based on an annual comparison, the amount of electricity purchased increased by 2 percent in 2010. Considering the size of the geographic region covered, the tough climatic and working conditions, and the condition of the existing lines, ÇEDAŞ has lowered its lost-illegal use rate significantly. Of 21 electricity distribution companies, ÇEDAŞ ranks in the top seven with the lowest lost-illegal use rates. In 2009, ÇEDAŞ had a lost-illegal use rate of 7.71 percent, which dropped to 7.22 percent in 2010. As of the end of 2010, the collection rate stood at 102.93 percent. It is noteworthy that even in these extreme conditions there are no recorded unsolved failures or any customer complaints due to failures. Of the total electricity sold in the region covered by the company, 2,208,297,249 kWh of the 2,332,458,000 kWh sold was by ÇEDAŞ. At the end of 2010, ÇEDAŞ’s resale market share stood at 89.02 percent. In 2010, a total of 111 projects were carried out in the region to which ÇEDAŞ provides electricity distribution services. Of these projects, 22 dealt with mains supply, 84 were in relation to villagegrids, and five rural distribution lines. All these projects were related to electricity distribution facilities and are valued at 16,131,526.74 Turkish lira in total. These projects carried out in 2010 have created employment both directly and indirectly for 500 people.

The company employs over 1,000 people directly and, as per the needs of the electricity distribution industry, the company also provides employment opportunities to many other industries through service procurement. The company plans to invest 52,587,822.00 Turkish lira in 2011 in the implementation of advanced technologies, improvement of the level of service provided to customers, meeting demand from all settlements and customers, increasing quality in the distribution of electricity and maintaining safety during electricity transmission. As a result, ÇEDAŞ will create added value in the Turkish economy. Investments planned for 2011 will focus on minimizing technical losses from the inadequacy of current facilities, maintaining quality and sustainability in energy supply, replacing lighting facilities that do not meet standards, constructing new lighting facilities in places without any, and minimizing any and all problems that do and/or will arise from electricity distribution.



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ENO ENERGY INC.
Eno Energy Inc. is established by partnership of our Company (Kolin Insaat, Turizm, Sanayi ve Ticaret A.S.); with purpose of engaging in electricity wholesale trade.
ESGAZ - ESKIŞEHIR URBAN NATURAL GAS DISTRIBUTION TRADE INC.

The company, initiated in 1994 with activities of natural gas infrastructure, was a subsidiary of BOTAŞ, when it took the name ESGAZ, after being included to the coverage of privatization in 2002. In December 2003, ESGAZ was purchased by Kolin Construction for USD 43 million under the coverage of privatization. ESGAZ has a 30 years royalty and continues its activities on natural gas in Eskişehir, a city with a high level of development.

ESGAZ, which is one of the first two privatized natural gas distribution firms, holds the sixth rank in domestic use of natural gas.

ESGAZ, which currently distributes natural gas to 67 communities in Eskişehir, has started an important investment leap in 2005. ESGAZ invested TRY 48 million in order to popularize the use of natural gas and has expanded the infrastructure by 280% in a short period of 6 years after it became a part of Kolin Group of Companies.

Following the privatization of ESGAZ, utilisation of natural gas increased duee to factors such as stabilizing the corporate structure by determining standards in management and services, transition to customer oriented management, increasing the quality of service to the subscribers, new investments in communities where natural gas had not been supplied and initiating advantageous campaigns for subscription and instalments. As an outcome of these investments, ESGAZ became the first natural gas distribution company which attained this penetration rate by natural gas lines reaching all communities of Eskişehir. With the investments in 2010, the company aims to supply natural gas to new residential areas of the city and sustain its position as the first and only natural gas distribution company with 95% penetration rate.



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ETKI PORT MANAGEMENT NATURAL GAS EXPORT

Kolin Group has applied to the Energy Market Regulatory Authority for all relevant licenses for the establishment of an LNG Importation and Regasification Terminal in Aliağa, Izmir and consequently has established Etki Liman Işletmeleri Doğal Gaz Ithalat ve Ticaret A.Ş. to manage investments related to this project.

ISIKSU ENERGY PRODUCTION AND TRADE INC.

Işıksu was established in Ankara on 07.02.2008. Işıksu, which intends to construct a plant in Aegean Region for producing electricity by using natural gas, has completed the application to EPDK for the license required. The company also made a provisional commitment and signed a goodwill agreement with a supplier firm for the facility to be constructed. For the combined cycle plant to be constructed, preparatory work related to determination of the plant location is in progress.

HIDRO-GEN ENERGY IMPORT-EXPORT AND DISTRUBITION TRADE INC.
Established in Ankara on 14.09.2007, Hidro-Gen conducts research on production of electrical energy by constructing hydroelectric plants.
IZMIRGAZ INC.

“İzmir Natural Gas Distribution Tender” conducted by Energy Market Regulatory Authority (EPDK), for natural gas distribution region comprised of adjacent area of İzmir Municipality and Tire is won by Kolin Construction with a 0.012 kW/h unit service depreciation compensation on January 27th, 2005. Required attempts for acquisition of license from EPDK are initiated in 2005. Established for distribution of natural gas in İzmir and Tire region, İZMİRGAZ is the only company authorized for distribution and transmission of natural gas through local pipeline network for 30 years following 07.07.2005. 



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KOLEN INC.
KOLEN Inc., established to to execute business operations in electricity markets is currently marketing electrical energy generated by Akköy Inc., a KOLIN affiliate, to the eligible customers.
K-L ENERGY INVESTMENTS INDUSTRY AND TRADE INC.

K-L Energy is established in 2006 in order to invest in energy and industrial sector.

NATURGAZ NATURAL GAS IMPORT AND EXPORT INDUSTRY AND TRADE INC.

Among those defined by Natural Gas Market Law (law no. 4646), wholesale and import activities have the highest profit margin in provision of natural gas for free consumers and distribution companies via bilateral agreements. Ultimate target of Naturgaz, which acquired a wholesale license from EPDK, is conducting import and wholesale of natural gas. The company will begin wholesale activities in 2010. With law number 5784 which amends Natural Gas Market Law (law number 4646), spot import of LNG is liberalized. However, in the current legal regulations, import of natural gas with long term contracts through existing pipelines is actually not possible. Besides, Procedures and Principles of use for entrance points of spot LNG imports; BOTAŞ Marmara Ereğlisi LNG Terminal and İzmir Aliağa LNG Terminal have not been approved and declared. After the completion of these regulations, Naturgaz will start its endeavours for spot LNG import in 2011.

2009 has been an important year during which variety of suppliers in natural gas market increased. In order to take natural gas into the transmission system of BOTAŞ in Malkoçlar entrance point by the border of Bulgaria, for wholesale, and sale of natural gas to free consumers and distribution firms; four new importers were awarded with some part of BOTAŞ’s contracts in the tender they entered by taking the approval of sellers.

SERVER ENERGY PRODUCTION AND TRADE INC.

The company is a company established by partnership of Kolin Insaat, Cengiz Holding and Limak Holding; in order to engage in building, commissioning, leasing of electrical energy production plants powered by water, gas, coal, fuel-oil, naphta etc., electricity production, selling of produced electrical energy and/or capacity to customers.  

ULUG ENERGY INC.

Another joint venture of Kolin Inşaat, Cengiz Holding, and Limak Holding is Uluğ Enerji Dağıtım ve Perakende Satış Hizmetleri A.Ş., which was established to carry out repair and maintenance work, connection and disconnection of services, meter readings, and other support services related to electricity distribution and resale operations. In 2011, Uludağ Elektrik Dağıtım A.Ş., a company owned by the same consortium, will continue electricity distribution operations in Bursa, Balıkesir, Çanakkale, and Yalova as per its license from the Energy Markets Regulatory Authority. The Company aims to provide electricity distribution services in other regions as well.

TRUVA INC.

Truva was established in 2005 with the objective of importing and exporting energy in addition to investing in projects in the energy and industrial sectors. The company is expected to commence projects to be carried out by distribution companies in 2011.

ULUDAG EDAS

Our Company of which its privatization is completed as of 01.09.2010, commenced service within Limak Holding, Cengiz Holding and Kolin Insaat Partnership. Our company, carrying out the electricity distribution work with nearly 2.5 million subscribers across an area of 35.501 km2 as Southern Marmara Region (Bursa, Balıkesir, Canakkale, Yalova), continues its activity.

SAMSUN POWER GENERATION AND TRADE, INC.
 
ZAFIR POWER GENERATION AND TRADE, INC.