Wind Power
http://berggruenholdings.com/investments/wind-power
At the end of 2008, BH submitted applications for 18 wind energy projects concentrating in Çanakkale and Southern Marmara Region through 13 local wind companies with a Total Capacity of 800MW.
The projects are organized under 13 different companies to have the flexibility to develop the projects on an individual basis.
Availability of transmission capacity to connect to the grid and availability of transformer capacity will be critical in the timing of the projects.
While the wind projects are waiting for their licenses,the Group has already invested in wind masts and have been collecting wind data for all projects since the beginning of 2009.
Furthermore, environmental reports have already been obtained from the State for 9 projects, and applications for the others have been submitted.
At the end of 2008, BH submitted applications for 18 wind energy projects concentrating in Çanakkale and Southern Marmara Region through 13 local wind companies with a Total Capacity of 800MW.
The projects are organized under 13 different companies to have the flexibility to develop the projects on an individual basis.
Availability of transmission capacity to connect to the grid and availability of transformer capacity will be critical in the timing of the projects.
While the wind projects are waiting for their licenses,the Group has already invested in wind masts and have been collecting wind data for all projects since the beginning of 2009.
Furthermore, environmental reports have already been obtained from the State for 9 projects, and applications for the others have been submitted.
Berggruen Holdings
Hydropower
http://berggruenholdings.com/investments/hydropower
BND Elektrik Üretim A.Ş. Owns three licenses for river-type hydropower plants with an installed capacity of 20.3MW.
BND Elektrik Üretim A.Ş. Owns three licenses for river-type hydropower plants with an installed capacity of 20.3MW.
- The company is finalizing studies to start construction. It is in the final round of negotiations for choosing its construction and turbine manufacturer partners.
- Current total project costs are at approximately USD35.0 million.
- All three projects have no revenue sharing commitment to the State, a commitment reflected on all new coming projects, increasing the value of the investment.
- Licenses are expected to be granted in 2010.
- Projects have no revenue sharing commitment to the State.
Renewable Energy Source Projects
http://berggruenholdings.com/investments/renewable-energy-source-projectsDuring 2007, Berggruen Holdings decided to invest in the renewable energy sector in Turkey, choosing hydro electric and wind power as the initial entry to the sector.
BH first bought the majority of a
hydroelectric company with three licenses in river-type hydropower
plants. Following this acquisition, another company with three other
applications for river-type hydropower plants was purchased.
BH continued to implement its strategy by acquiring 13 companies with 18 wind power projects.
For its first phase of investments, BH strategically plans to reach an installed capacity of 1000 MW and to be the industry leader in wind power, specifically in Çanakkale and the Southern Marmara region in the near future.
BH continues to seek new as well as complimentary investment opportunities in the Turkish energy sector.
BH continued to implement its strategy by acquiring 13 companies with 18 wind power projects.
For its first phase of investments, BH strategically plans to reach an installed capacity of 1000 MW and to be the industry leader in wind power, specifically in Çanakkale and the Southern Marmara region in the near future.
BH continues to seek new as well as complimentary investment opportunities in the Turkish energy sector.
Oreko Mining
http://berggruenholdings.com/investments/oreko-mining
Oreko Mining is an exploration and mining company that was established at the end of 2007. The Company owns 24 licensed mining sites in Turkey which are to be explored and operated dependent on exploration results.
The mines contain Zinc, Lead, Copper, Chrome, and Barite Ore. In addition to mining activities, Oreko also trades in these metallic ores and minerals.
The firm has a qualified exploration crew to perform the drilling and geological survey of all projects.
Oreko Mining is an exploration and mining company that was established at the end of 2007. The Company owns 24 licensed mining sites in Turkey which are to be explored and operated dependent on exploration results.
The mines contain Zinc, Lead, Copper, Chrome, and Barite Ore. In addition to mining activities, Oreko also trades in these metallic ores and minerals.
The firm has a qualified exploration crew to perform the drilling and geological survey of all projects.
