AĞAOĞLU ENERGY GROUP HAS PURCHASED GALATA WIND ENERGY WITH
3 WIND PLANTS OF 203 MW FROM FOREIGN INVESTOR

Ağaoğlu Energy Group, which aims to be one of the private leading companies of the energy production in basis of established power till 2015 has added 3 new wind plant projects located in Bandırma and Balıkesir to its portfolio, which belongs to Galata Wind Energy Ltd.

The new 3 wind plant projects which Ağaoğlu Energy Group has added to its portfolio and its other investments in energy sector have been presented at the press meeting. Ağaoğlu Energy Group aims to reach its established power to 1000 MW until the end of 2015 together with the other new projects in its portfolio.

The Chairman of the Board of Ağaoğlu GROUP OF COMPANİES Ali Ağaoğlu has told that they continue to increase their investments in different fields, and added that they lean towards the projects in order to extend the portfolio of Ağaoğlu Energy Group. Ağaoğlu has said that “We have purchased 100 percent of Galata Wind from an Italy and Holland partnered international company. On one hand, I am proud that we've purchased the shares but on the other hand, I feel sorry for my country that we couldn't be able to keep the foreign investor in our country. Turkey has become foreign-dependent in energy at a rate of 80-85%, and we are paying approximately 50 billion dollars every year for energy. Therefore as Ağaoğlu, we decided to make investment to renewable energy. The energy part, which excesses the value provided here, can be obtained from abroad. We are going to continue to use the investment opportunities despite the crisis”.
Ali Ağaoğlu continued as follows: “We are rapidly maintaining our other projects, particularly with the plant in Mut, Mersin. We immediately want to complete the works we plan to. I can say that we are going to make out our first electric bill this year.

Murat Onuk, the chairman of Ağaoğlu Energy Group which shall create a 1.000 MW portfolio in the next 3 years, has stated that these projects shall be put into practise in 5 years. Murat Onuk added that they are aiming to create a balanced portfolio by turning towards different types of production plants in energy, which has an important part for future designing of Ağaoğlu.

The chairman of Ağaoğlu Energy Group Murat Onuk has pointed out that giving priority to providing and usage of native and renewable energy sources is going to provide benefit for both the country’s economy and solution for the lack of energy supply. Onuk has mentioned that they are planning to make Mersin Wind Plant of 34 MW powers, whose construction began in last year and had an investment of 60 Billion Dollars, to begin operations as of 2009 December. Murat Onuk, who stated the energy portfolio of Ağaoğlu has mentioned that they are aiming to start the construction of Şahres Wind Plant of 93 MW powers in Bandırma in the first half of 2010, and added that the total investment shall be 230 billion dollars. Onuk has stated that the other wind plant projects in Bandırma, Çanakkale and Yalova are on the licence stages, and the Hydro Electric Plants of 60 MW power in Bingöl are in their project stages.