İsken Enerji

What İsken Enerji does

İsken Enerji Üretim ve Ticaret A.Ş. ("İSKEN") is a privately held Turkish electricity generator, wholly owned by OYAK (Ordu Yardımlaşma Kurumu, the Turkish Armed Forces Mutual Aid Fund). Founded in 1998 and commencing commercial operations in 2003, the company operates the Sugözü Power Plant — a 1,360 MW coal-fired facility located in Yumurtalık, Adana Province — which generates approximately 9 billion kWh per year, equivalent to roughly 3% of Turkey's national electricity consumption. İSKEN also operates an electricity trading desk through its Istanbul branch, selling output into Turkey's wholesale electricity market to grid operators and commercial counterparties.

İSKEN is transitioning from a single-asset coal baseload operator toward an "Energy Campus" hybrid model. In 2023, the company commissioned SUGES I, a 21.12 MWp solar PV plant producing approximately 36 GWh/year, and is developing two further renewable projects — SUGES II (solar) and SURES (wind) — alongside planned grid-scale energy storage investments. The company's underlying technology stack centers on high-efficiency hard-coal combustion integrated with advanced emissions control, coupled with growing renewable generation; it holds ISO 9001, 14001, 27001, 45001, and 50001 certifications.

Revenue is generated primarily through wholesale electricity sales to Turkey's national grid operators and energy traders under market-determined pricing and bilateral contracts. The go-to-market motion is exclusively B2B enterprise, with no retail or consumer-facing channels. İSKEN's primary customer segment is the national energy grid, with secondary engagement in regional economic development and CSR in the Çukurova Region. The company employs approximately 1,000 people directly and supports thousands of indirect jobs in the surrounding area.

Name

İsken Enerji

Legal name

İSKEN İskenderun Enerji Üretim ve Ticaret A.Ş.

Website

https://isken.com.tr

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

101–250 employees

Short description

İSKEN is a privately held, OYAK-owned Turkish electricity generator operating the 1,360 MW Sugözü coal-fired power plant, supplying ~3% of national demand. It sells wholesale electricity to Turkey's grid while expanding into solar, wind, and storage.

Ownership category

akta.pro rank

Product category

Power Generation

NAICS

Fossil Fuel Electric Power Generation (221112), Solar Electric Power Generation (221114), Wind Electric Power Generation (221115), Electric Power Generation (22111)

SIC

Electric Services (4911)

akta.pro primary industry

Utility-Scale Power Generation Asset Management (EUAEAMAA)

akta.pro secondary industries

Thermal Power Plant EPC (Gas/Coal/Oil) (EUAEAAAA), Energy Management Systems & Plant Controllers (PPC, AGC Participation, Curtailment Control) (EUAMAIAI), Electrical Systems O&M (Substations, Transformers, Switchgear, Protection & Controls) (EUAMAGAH)

Keywords

• Thermal power generation
• Coal-fired power plant
• Wholesale electricity supply
• Hybrid renewable energy
• Power generation operations

Headquarters

HQ city

Ankara

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Others

Revenue model

1. Electricity Generation and Sales: İSKEN generates electricity through its 1360 MW Sugözü Power Plant and sells wholesale electricity to Turkey's national grid. With ~3% of Turkey's electricity consumption (~9 billion kWh/year), the company serves as a key contributor to national energy supply security. Revenue is generated through wholesale electricity market sales, supplying grid operators and energy traders.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

İsken Enerji operates the Sugözü Power Plant, a 1,360 MW coal-fired generation facility in Adana that produces approximately 9 billion kWh of electricity per year, supplying around 3% of Turkey's national electricity consumption. The company is supplementing this baseload capacity with hybrid renewable generation, including the 21.12 MWp SUGES I solar PV plant commissioned in 2023, and is developing additional solar (SUGES II) and wind (SURES) projects. All generated electricity is sold wholesale to Turkey's national grid operators and energy market participants via the company's Istanbul trading branch.

Product overview

İsken Enerji operates the Sugözü Power Plant as its core product, a coal-fired facility with 1,360 MW installed capacity. The company is transitioning toward an 'Energy Campus' model by adding renewable energy components: SUGES I (21.12 MWp solar PV, commissioned 2023) and ongoing SUGES II (solar) and SURES (wind) projects. The portfolio combines high-quality hard coal fuel with renewable energy generation to meet approximately 3% of Turkey's electricity demand.

Differentiator

Problem solved

Functional benefit

Brands

• SUGES I: Solar electricity generation plant with 21.12 MWp installed capacity, commissioned in 2023
• SUGES II
• SURES

Products and services

• Sugözü Enerji Santrali (Sugözü Power Plant) Coal-fired power plant with 1,360 MW installed capacity, meeting approximately 3% of Turkey's electricity consumption (~9 billion kWh/year). Operated in accordance with international technical and environmental standards and managed under an ISO-certified integrated management system. Electricity is sold wholesale to Turkey's national grid operators and energy market participants.
• SUGES I (Sugözü Güneş Enerji Sistemi I) Solar photovoltaic electricity generation plant with 21.12 MWp installed capacity, commissioned in 2023 and producing approximately 36 GWh/year. It is İsken's first combined renewable electricity generation facility and supplements output from the Sugözü Power Plant as part of the hybrid 'Energy Campus' model.

Quantifiable outcome

• ~3% of Turkey's electricity consumption met by İSKEN generation (~9 billion kWh/year)
• +4 more outcomes

Named customers1 record

Segments2 records

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 and minor.

• United Nations Global CompactcoreStrategic or Co-development PartnerİSKEN is a signatory of the UN Global Compact and manages its sustainability strategy in line with UN Sustainable Development Goals. The principles of the UN Global Compact form the building blocks of İSKEN's sustainability understanding alongside OYAK's long-standing corporate governance history.
• Çukurova University (Yumurtalık Vocational School)minorStrategic or Co-development PartnerCooperation with Çukurova University's Yumurtalık Vocational School for organic agriculture projects, including greenhouse construction (1000 m²) and classroom facilities. İSKEN also installed rooftop solar PV system at the vocational school for its domestic consumption.
• Regional Fishery CooperativesminorStrategic or Co-development PartnerSince 2004, İSKEN has collaborated with regional fishery cooperatives on the 'Fisheries Development Project' to support sustainable fishing models and increase fishermen's income through equipment and resource support.
• Adana Provincial Directorate of Agriculture and Forestry / Eastern Mediterranean Olive UnionminorStrategic or Co-development PartnerPartnership for 'Olive Cultivation Development Project' providing 85,600 olive saplings to 856 local farmers, along with certified olive cultivation training and pruning services to increase cropping diversification and support family incomes.
• Yumurtalık District Governorship and MunicipalityminorStrategic or Co-development PartnerCooperation on 'Clean Yumurtalık Project' including wastewater collection system construction, coastal road improvement, and support for modern waste management systems. İSKEN also supports landscaping of historical monuments and beach cleaning services.
• YUM-DER (Yumurtalık Social Development Association)minorStrategic or Co-development PartnerPartnership with Yumurtalık Social Development, Culture, Tourism, Nature Assets Protection Association for 'Tradesman Training Program' providing business training to 130 local entrepreneurs.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Enel S.p.A. Italian multinational utility with global generation operations including legacy thermal and a major renewables push, and a direct stake in Turkish IPP Enerjisa. Comparable to İSKEN as a global IPP with a coal-to-renewables transition thesis, though Enel operates at vastly greater scale and across multiple continents.
• RWE AG: German integrated utility with a significant legacy lignite/hard coal fleet in active managed phase-out alongside a large-scale renewables build-out. Comparable to İSKEN as a large IPP navigating the coal-to-renewables transition, though RWE is far larger, geographically diversified across Europe, and operates a broader portfolio.

Direct peers

• Sanko Enerji Sanayi ve Ticaret A.Ş. Privately-held Turkish IPP affiliated with the Sanko Group, operating coal, natural gas, and renewable generation assets and selling into the wholesale market. Directly comparable to İSKEN as a private, group-affiliated Turkish power producer with thermal and renewable assets.
• GAMA Enerji A.Ş. Turkish IPP subsidiary of GAMA Group operating thermal (coal, gas) and renewable (wind, solar) plants, with a wholesale electricity market model similar to İSKEN. Comparable as a private Turkish hybrid-generation IPP.
• Aksa Enerji Üretim A.Ş. One of Turkey's largest independent power producers, operating a diversified portfolio of thermal (coal, natural gas) and renewable (wind, solar, hydro) assets across multiple sites. Highly comparable to İSKEN as a Turkish IPP with a coal-to-renewables transition strategy and wholesale market exposure.
• Enerjisa Üretim Santralleri A.Ş. Sabancı Holding and Enel joint venture operating a multi-GW portfolio of thermal, hydro, and wind assets in Turkey. Highly comparable to İSKEN as a Turkish IPP with diversified generation, hybrid renewables, and wholesale market sales.
• Çelikler Enerji A.Ş. Turkish privately-held power producer with multi-site coal, natural gas, and renewable assets, primarily selling into the wholesale market. Directly comparable to İSKEN in business model, customer profile, and generation mix.
• EÜAŞ (Elektrik Üretim A.Ş.): Turkey's state-owned electricity generation corporation, the country's largest generator with tens of GW of installed capacity across coal, hydro, natural gas, and renewables. Directly comparable to İSKEN as a major Turkish baseload/wholesale generator contributing to national energy security, though it operates as a state enterprise rather than a private subsidiary.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 İsken Enerji