What Kalehan Enerji does

Kalehan Enerji is a Turkish private joint venture established in 2007 and equally owned (50-50) by two of Turkey's largest construction groups, Cengiz İnşaat Sanayi ve Ticaret A.Ş. and Özaltın İnşaat Ticaret ve Sanayi A.Ş. The company develops, owns, and operates hydroelectric power plants on the Murat River cascade between the Alparslan 2 and Keban Dams, spanning Bingöl, Elazığ, and Muş provinces in Eastern Anatolia. All electricity generated is sold to Turkey's national interconnected grid system (TEİAŞ) under 49-year generation licenses issued by the Energy Market Regulatory Authority (EPDK) pursuant to Electricity Market Law No. 6446.

The operating portfolio consists of three cascaded dams and a co-located solar facility. Beyhan 1 Dam and HEPP (582.10 MWe, commissioned March 2015) and Yukarı Kalekoy Dam and HEPP (626.85 MWe, commissioned April 2018) are RCC roller-compacted concrete dams, with Yukarı Kalekoy recognized as Turkey's largest private-sector HEPP by installed capacity. Aşağı Kalekoy Dam and HEPP (500.00 MWe, commissioned 2020) introduced Turkey's first Asphalt Core Dam design using a composite asphalt-core embankment and RCC structure. In Q4 2020, Kalehan commissioned a 79.99 MWm solar power plant adjacent to Aşağı Kalekoy, creating Turkey's first hybrid renewable electricity generation facility. Combined installed capacity is 1,784.56 MWe with annual generation of 4,890.64 GWh, equivalent to 1.6% of Turkey's total electricity production and 7.3% of its hydroelectric output. Electromechanical equipment was supplied by Andritz Hydro, GE Renewable Energy, and Voith; engineering design was delivered by Afry and Temelsu.

The business model is a regulated wholesale generation model with a single offtaker (TEİAŞ) and revenue determined by EPDK-regulated wholesale market mechanisms. Operations are conducted through three wholly-owned SPVs (Kalehan Kale, Kalehan Genç, Kalehan Beyhan Enerji Üretim A.Ş.), each holding the relevant generation license. Beyond power generation, the projects deliver ancillary public benefits including flood control, irrigation water supply, and drinking water for Eastern Anatolia. The company is privately held, headquartered in Ankara, and operates with a lean corporate staff (estimated 101-250 employees) while construction phases historically mobilized 1,000-1,500 personnel per project.

Name

Kalehan Enerji

Legal name

Kalehan Enerji

Website

https://kalehan.com.tr

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

101–250 employees

Short description

Kalehan Enerji is a Turkish private 50-50 joint venture between Cengiz İnşaat and Özaltın İnşaat that develops and operates three cascaded hydroelectric dams and an auxiliary solar plant on the Murat River, supplying 4,890.64 GWh annually (~1.6% of Turkey's electricity) to the national grid under 49-year EPDK licenses.

Ownership category

akta.pro rank

Product category

Hydroelectric and Solar Power Generation

NAICS

Hydroelectric Power Generation (221111), Solar Electric Power Generation (221114)

SIC

Electric Services (4911)

akta.pro primary industry

Reservoir/Impoundment Hydroelectric Generation (EUACAEAB)

akta.pro secondary industries

Hydropower EPC & Construction (Civil Works, Electromechanical) (EUACAEAF), Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)

Keywords

• Hydroelectric power generation
• Solar power generation
• Renewable energy
• Dam construction services
• Hybrid power plants

Headquarters

HQ city

Ankara

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Others

Revenue model

1. Electricity Generation and Sales to National Grid: Kalehan Enerji generates electricity through its hydroelectric power plants and solar power facility. The electricity is sold to Turkey's national interconnected grid system (TEİAŞ). The company operates under 49-year generation licenses granted by Energy Market Regulatory Authority (EPDK) within the scope of Electricity Market Law No. 6446.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Kalehan Enerji develops, constructs, and operates hydroelectric and solar power generation assets on the Murat River in eastern Turkey. The company currently operates three hydroelectric power plants (Yukarı Kaleköy, Aşağı Kaleköy, Beyhan 1) and one auxiliary solar power plant, with a combined installed capacity of 1,784.56 MWe and annual generation of 4,890.64 GWh. All electricity produced is sold directly to Turkey's national interconnected grid (TEİAŞ) under 49-year generation licenses from EPDK.

Product overview

Kalehan Enerji operates a portfolio of hydroelectric power plants (HEPP/HES) and a solar power plant (GES/SPP) in Turkey. The company manages three main HES projects (Yukarı Kaleköy, Aşağı Kaleköy, and Beyhan 1) on the Murat River, combined with the Aşağı Kaleköy Auxiliary Resource Solar Power Plant, forming Turkey's first hybrid renewable electricity generation facility. The total portfolio delivers 1,784.56 MWe installed capacity and 4,890.64 GWh annual generation.

Differentiator

Problem solved

Functional benefit

Products and services

• Yukarı Kaleköy Dam and HEPP Roller-Compacted Concrete (RCC) dam hydroelectric power plant on the Murat River in Bingöl (Solhan) Province. Turkey's largest private-sector HEPP by installed capacity at 626.85 MWe, generating 1,957.17 GWh annually. Electricity is delivered to Turkey's national interconnected grid system (TEİAŞ).
• Aşağı Kaleköy Dam and HEPP Composite dam hydroelectric power plant on the Murat River with 500.00 MWe installed capacity, generating 1,219.20 GWh annually. Turkey's first Asphalt Core Dam (4,800,000 m³ fill, 1,900,000 m³ RCC). Features 3 main units (3 x 155.49 MWe) and 1 small unit (33.53 MWe). Located in Bingöl (Genç) Province.
• Beyhan 1 Dam and HEPP RCC dam hydroelectric power plant on the Murat River in Elazığ (Palu) Province with 582.10 MWe installed capacity, generating 1,585.68 GWh annually. Features 3 main units (3 x 183.5 MWe) and 1 small unit (31.6 MWe). Turkey's 9th largest HEPP by installed capacity.
• Aşağı Kaleköy Auxiliary Resource Solar Power Plant (GES) Solar power plant with 200,000 photovoltaic panels and 79.99 MWm installed capacity, located downstream of Aşağı Kaleköy Dam on rehabilitated land. Integral component of Turkey's first hybrid renewable electricity generation plant.

Quantifiable outcome

• 4,890.64 GWh annual energy production
• +4 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core.

• Özaltın Cengiz Adi Ortaklığı (Joint Venture)coreStrategic or Co-development Partner · 1 January 201450-50% joint venture between Cengiz İnşaat and Özaltın İnşaat. Construction partner for all three Kalehan Energy projects: Beyhan 1 Dam and HEPP (completed May 2015), Yukarı Kaleköy Dam and HEPP (completed February 2018), and Aşağı Kaleköy Dam and HEPP (completed December 2019).
• Andritz HydrocoreTechnology or IntegrationGlobal supplier of electromechanical systems and services ('water-to-wire') for hydropower plants. One of the leaders in the world market for hydraulic power generation. Assigned as equipment supplier for Beyhan-1, Yukarı Kaleköy, and Aşağı Kaleköy projects.
• GE Renewable EnergycoreTechnology or IntegrationRenewable energy company with over 22,000 employees in 55+ countries. 10 billion USD company backed by resources of global digital industrial company. Assigned as equipment supplier for Kalehan Energy projects.
• VoithcoreTechnology or IntegrationGlobal technology group. Quarter of all electricity generated by hydropower plants worldwide uses Voith technologies and services. Assigned as equipment supplier for Kalehan Energy projects.
• AfrycoreImplementation/ SI/ Consulting PartnerInternational consulting and engineering company providing services across full project lifecycle. Assigned as designer for Beyhan-1, Yukarı Kaleköy, and Aşağı Kaleköy Dam and HEPP projects.
• TemelsucoreImplementation/ SI/ Consulting PartnerTurkish consulting engineering company providing multi-disciplinary engineering services since 1969. Registered with World Bank, Asian Development Bank, Islamic Development Bank, Saudi Development Fund, Kuwait Fund, and FIDIC. Assigned as designer for all three Kalehan Energy HES projects.

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Verbund AG: Austrian-listed utility whose generation portfolio is overwhelmingly run-of-river and reservoir hydropower. Comparable to Kalehan in plant technology, asset-life economics, and exposure to regulated wholesale electricity markets.
• Sanko Enerji: Turkish private energy producer with hydroelectric and renewable generation assets. Comparable to Kalehan as a privately held, mid-to-large scale Turkish hydro operator selling into the national grid under EPDK licenses.
• Kalyon Enerji: Renewable energy subsidiary of Kalyon Group, a major Turkish construction-to-infrastructure conglomerate. Operates utility-scale solar and wind projects under EPDK licenses — overlapping Kalehan in the Turkish private renewables generation space.
• Limak Enerji: Energy arm of Limak Holding, a Turkish construction-to-energy conglomerate similar in DNA to Kalehan's parents (Cengiz/Özaltın). Operates hydro and other generation assets in Turkey under the same EPDK regulatory regime.
• Enerjisa Üretim: Turkey's largest private-sector electricity producer, with a portfolio that includes hydroelectric, wind, and solar assets. It is the closest direct peer to Kalehan in scale, technology mix, and reliance on EPDK licensing and TEİAŞ off-take.
• IC İçtaş Energy: Energy subsidiary of IC Holding, a Turkish infrastructure conglomerate with hydroelectric and renewable assets. Mirrors Kalehan's construction-conglomerate-to-energy-owner evolution and competes for the same EPDK licenses and TEİAŞ off-take.

Broad incumbents

• Iberdrola: Global utility with one of the largest installed hydroelectric capacities in the world (especially in Spain and Latin America). Comparable to Kalehan in asset class (reservoir hydropower) and wholesale regulated revenue model, though at vastly larger scale.
• Statkraft: Norwegian state-owned generator and the largest producer of renewable energy in Europe, with a portfolio dominated by reservoir-based hydropower. Comparable to Kalehan in asset type, technology, and long-duration regulated revenue model, though at much larger scale and in a different regulatory regime.
• EÜAŞ (Elektrik Üretim A.Ş.): State-owned Turkish electricity generation company operating the bulk of the country's large hydroelectric fleet. Although state-owned rather than private, it directly competes with Kalehan for grid share and water-resource rights on the same river systems.

Emerging players

• Brookfield Renewable Partners: Global owner and operator of renewable power assets including hydroelectric, wind, and solar. Comparable to Kalehan as a long-duration, regulated hydroelectric platform and a potential acquirer of mature hydro portfolios in emerging markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedIntr.linkedin.com/company/kalehan

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kalehan Enerji