Turkey-General Water-Agricultural Year Normals of Areal Precipitation and Comparison with Last Year
Energy news from Turkey... Aydem Yenilenebilir Enerji Anonim Şirketi...
- 'Realization and Evaluation Report on the Assumptions Based on the Determination of the Public Offering Price Prepared by the Audit Committee'
-This Report has been prepared in accordance with Article 29/5 of the Capital Markets Board's Communiqué on Shares No. VII-128.1 29 August 2021
-Turkey-General Water-Agricultural Year Normals of Areal Precipitation and Comparison with Last Year...
Link: Aydem Yenilenebilir Enerji Fiyat Varsayım Raporu ENG.pdf
Results & Assessment
'Hydrology-based generation increase is expected in the remaining months of the year, and it is expected that FiT revenues will increase with the dollar exchange rate effect. In addition, after the bond issuance on 2 August 2021 and the closure of domestic bank loans, with the remaining funds and cash obtained from the Company's operations will be used directly in hybrid investments. The Company is going to pay its principals for the bonds after 3.5 years and this is going to be benefit for the Company in order to funds to hybrid investments. It is expected to increase its installed power by 236 MW in 2021, 356 MW in 2022 and 103 MW in 2023, while significantly increasing its revenues and EBITDA figures. The company plans to take advantage of the opportunities offered by EMRA to generate electricity in power plants through hybrid power plants. For this, the investment expenditure will be less compared to the investment expenditure required for a typical SPP of similar size, since it is possible to use the existing infrastructure connections at the power plants. In addition, since the operational expenses of hybrid power plants will be lower, the contribution of income from hybrid power plants to EBITDA will be higher compared to other power plants. As a result of all these investments, fair values of each power plant that started operating is going to be reflected to the consolidated financial statements, a significant increase is expected in the Company's asset size and equity size.In the light of all this information, we believe that the Company's year-end targets will be achieved with its strong financial structure, investments in line with the targets, and revenues secured by FiT, which makes up 89% of total revenues.'
Energy Economy