State-owned EUAS leads Türkiye’s electricity sector as private giants follow

Türkiye’s state-owned Electricity Generation Company (EUAS) topped the list of the country’s largest electricity producers, followed by ENKA and Enerjisa, according to research conducted by the U.S-based consultancy firm Kearney.

The research, which examined installed capacities as of Dec. 31, 2024, revealed that EUAS-operated power plants have a total installed capacity of 21,802 megawatts.

This figure represents 19% of Türkiye’s total installed production capacity of 115,354 megawatts.

Of EUAS’s total capacity, 14,451 megawatts come from hydroelectric power, 4,735 megawatts from natural gas, 2,424 megawatts from domestic coal, and 17 megawatts from wind energy.

ENKA leads the private electricity sector

In the private sector, ENKA leads with an installed capacity of 3,978 megawatts, accounting for 3.4% of Türkiye’s total production capacity.

Enerjisa, a partnership between Germany’s E.ON and Türkiye’s Sabanci Holding, retained its third-place position with an installed capacity of 3,901 megawatts, narrowing the gap with ENKA by commissioning new plants.

Cengiz Energy secured fourth place with 3,161 megawatts, demonstrating a balanced resource distribution, while Limak Energy climbed to fifth place with 3,033 megawatts.

Experts from Kearney Türkiye highlighted that most of the new plants and capacity increases in 2024 were driven by renewable energy sources.

Kalyon leads capacity expansion

Kalyon Energy recorded the highest capacity growth in the sector, thanks to its solar power plant investment in Viransehir, Sanliurfa, and wind energy projects in Ankara, Bayburt, Trabzon, and Elazig. Following Kalyon, Aydem Energy increased its installed capacity by 179 megawatts compared to the previous year.

The report also noted that Limak Energy’s 100-megawatt G4 Erzin 1 solar power plant and IC Ictas Energy’s 78-megawatt G4 Erzin 2 plant were among the most notable investments of the year.

Additionally, researchers observed that many energy producers are expanding their auxiliary capacities, particularly in solar and wind power. Turkish companies like Zorlu Energy, Eksim Energy, and Aksa Energy also continued to increase their overseas investments.