Maya Enerji Yatırımları A.Ş. (Maya Energy
Investments Inc.) is Brightwell Holdings
B.V.’s first investment in the energy sector.
Maya Enerji, which was established in August
of 2006, acquired Gozutok Elektrik Uretim
Ltd., the company holding the licenses for
the Aksu and Yedigol Hydroelectric Power
Plants’ (50 MW installed power production
and 166 GW total production capacity) 49-year
operating rights after EMRA (EPDK - Energy
Market Regulation Authority) approval in
August 2006. The total investment of these
projects is approximately 65 million USD.
Maya Enerji obtained the right to acquire
the 49-year operating rights for the
Ordu-Fatsa Hydroelectric Power Plant Project
(51 MW installed power production and 126 GW
total production capacity) at the SWA (DSI -
State Waterworks Authority) Contribution
Share Bid Meeting by offering the bid with
the highest contribution share, in June
2007. The total investment for these
projects is approximately 80 million USD.
Similarly, in September 2007, the 49-year
operating rights for the Cayasan
Hydroelectric Power Plant, with 17 MW of
installed power and a total power production
capacity of 84 GWh, were purchased along
with the Van Electric Production Industry
and Commerce Ltd. company (Van Elektrik
Üretim Sanayii ve Ticaret Ltd.Şti.). The
total investment for this project is
approximately 32 million USD.
In October 2007, Borusan Enerji acquired 70%
of Maya Enerji.
After the partnership, Maya Enerji earned
the right to acquire the 49-year operating
rights for the Kaletepe Hydroelectric Power
Plant Project in Tunceli (60 MW installed
power production and 215 GWh total
production capacity) at the SWA Contribution
Share Bid Meeting by offering the bid with
the highest contribution share in December
2007.
In April 2008, Maya Enerji obtained the
right to acquire the 49 year operating
rights for the Alara Group Hydroelectric
Power Plants Project in Antalya (187 MW
installed power production and 622 GWh total
production capacity) at the SWA Contribution
Share Bid Meeting by offering the bid with
the highest contribution share.
In June 2008, Maya Enerji earned the right
to acquire the 49-year operating rights for
the Bozkaya Hydroelectric Power Plant
Project in Tunceli (30 MW installed power
production and 109 GWh total production
capacity) at the SWA Contribution Share Bid
Meeting by offering the bid with the highest
contribution share.
Applications for licenses for 3 Wind Power
Plants with an installed power production
capacity of 160 MW were made in November
2007.
By the time Borusan Enerji acquired the
remaining 30% shares of Brightwell Holdings
B.V. in Maya Enerji in November 2008, Maya
Enerji’s project portfolio had reached a
total installed power production of 555 MW.
On March 3, 2009, it was declared that one
of the largest energy companies of Germany,
EnBW, has acquired 50% of Borusan Enerji,
which has reached a protfolio of 912 MW:
http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSL388127720090303
The partners stated that they will initially
focus on the existing projects with a total
investment of 1 billion Euros and in the
longer term, increase the size of the
portfolio to 2,000 MW.
Maya Enerji, established only in August
2006, has enabled the partnership of Borusan
Holding, one of the foremost diversified
groups in Turkey, with EnBW, one of the most
important energy companies in Europe in two
and a half years. Brightwell Holdings has
successfully created value once again.
On March 3, 2009, the publicly traded shares
of Borusan Mannessman Boru Sanayi (ticker:
BRSAN.IS) has gained 9.52% and its market
capitalization increased by 14.3 million
Turkish Liras (approximately 8.4 million USD)
and the shares of Borusan Yatırım (ticker:
BRYAT.IS) has gained 6.8% and its market capitalization
increased by 5.7 million Turkish Liras (approximately
3.3 million USD).