BAKU, Azerbaijan, Dec. 14
By Anastasia Savchenko - Trend:
Turkey's Ak-El Yalova Elektrik Üretim A.Ş has merged with Akenerji energy company, Trend reports via Turkey's Public Disclosure Platform (KAP).
As a result of the merger, the current asset volume of Akenerji amounted to 729.1 million Turkish liras ($125.4 million).
Akenerji has been operating since May 16, 1989.
In 2005, Akenerji underwent rebranding and began operating under the Akenerji Elektrik Üretim A. Ş. trademark, as an independent energy generating company.
The same year Akenerji was granted the right to operate the Uluabat Hydroelectric Power Station (100 megawatts).
In 2016, Akenerji 2015 sustainability Report received the Bronze award in the League of American Communication Professionals (LACP).
(1 USD = 5.8085 TRY on Dec. 14)
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