Aksa Elektrik

What Aksa Elektrik does

Aksa Elektrik Perakende Satış A.Ş. is a Turkish regulated electricity distribution and retail company operating as a wholly-owned subsidiary of Kazancı Holding. The company operates two distribution subsidiaries — Çoruh EDAŞ covering the Eastern Black Sea region (Artvin, Giresun, Gümüşhane, Rize, Trabzon) and Fırat EDAŞ covering Eastern Anatolia (Elazığ, Bingöl, Malatya, Tunceli) — together serving 9 provinces, 101 districts, and 3,521 villages across roughly 66,916 km². Its infrastructure comprises 115,389.69 km of distribution lines and 27,974 transformers, delivering 6.8 billion kWh annually to approximately 4 million people and 2.5 million+ end users.

Aksa Elektrik's underlying technology stack centers on SCADA-enabled remote monitoring and control of the distribution grid down to the consumer connection point, with progressive automation of medium-voltage switching nodes. The company holds ISO 14001 (environmental management), ISO 14064-1 (GHG emissions reporting), ISO 14046 (water footprint), and ISO/IEC 27001 (information security) certifications. Retail operations are run through Aksa Çoruh Perakende Satış and Aksa Fırat Perakende Satış as licensed supply companies, including a green-electricity retail offering for renewable-sourced supply.

The business model is structured around two regulated revenue streams: (1) managed-services distribution revenue under EPDK-regulated tariffs through Çoruh EDAŞ and Fırat EDAŞ, and (2) subscription/recurring retail electricity sales totaling 6.02 TWh in 2024 with a customer mix of 55% residential, 28% commercial, 14% industrial, and 3% other. Distribution and retail were legally separated in 2013. Go-to-market is direct field sales through the four regional subsidiaries; the 2030 Global Strategy layer adds GES solar generation, storage-integrated solar projects, energy trading, and international expansion. The company filed an Offering Circular with the Capital Markets Board of Turkey in October 2024 and is publicly listed on Borsa İstanbul.

Name

Aksa Elektrik

Legal name

Aksa Elektrik Perakende Satış A.Ş.

Website

https://aksaelektrik.com.tr

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

251–500 employees

Short description

Aksa Elektrik is a Turkish regulated electricity distribution and retail company operating through Çoruh EDAŞ, Fırat EDAŞ, and two retail subsidiaries, serving 4 million people across 9 provinces. It is expanding internationally via 30-year concessions in Uzbekistan covering 10 million people.

Ownership category

akta.pro rank

NAICS

Electric Power Transmission, Control, and Distribution (22112), Electric Power Distribution (221122), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Investor-Owned Electric Distribution Utilities (IOUs) (EUADABAA)

akta.pro secondary industries

Distribution System Hardening & Resilience Upgrades (EUAEACAK), Network Upgrades & Capacity Additions (Reconductoring, Rebalancing, Voltage Optimization) (EUAEACAN), Telecom, SCADA & OPGW/Fiber Integration for T&D Projects (EUAEABAG)

Keywords

• Electricity distribution services
• Electricity retail supply
• Green electricity retail
• Distribution grid automation
• Regulated utility services

Headquarters

HQ city

Beykoz

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Electricity Distribution Services: Regulated electricity distribution services through Çoruh EDAŞ and Fırat EDAŞ covering 9 provinces, 101 districts with total distribution network of 115,389.69 km lines and 27,974 transformers. Revenue derived from regulated distribution tariffs.
2. Electricity Retail Sales: Electricity retail services as licensed suppliers within regulated electricity market through Aksa Çoruh and Aksa Fırat retail companies. Total electricity sales volume of 6.02 TWh as of 2024. Customer portfolio comprises 55% residential, 28% commercial, 14% industrial, and 3% other segments.
3. Green Electricity Retail: Renewable energy-sourced green electricity retail services enabling customers to make environmentally responsible energy choices, contributing to carbon emission reduction

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Aksa Elektrik is a licensed electricity distribution and retail supplier operating under Turkey's Energy Market Regulatory Authority (EPDK). Through its subsidiaries Çoruh EDAŞ and Fırat EDAŞ it distributes electricity across 9 provinces and 101 districts in Eastern Turkey via 115,389.69 km of lines and 27,974 transformers, and through Aksa Çoruh Perakende Satış and Aksa Fırat Perakende Satış it sells electricity to approximately 2.5 million subscribers across residential, commercial, industrial, and other segments. The company also offers green/renewable electricity retail and is expanding distribution operations into Uzbekistan.

Product overview

Aksa Elektrik is a leading Turkish energy company operating under Kazancı Holding, providing electricity distribution and retail services through its subsidiaries. The company operates two distribution entities (Çoruh EDAŞ and Fırat EDAŞ) serving 9 provinces across Eastern Black Sea and Eastern Anatolia regions, and two retail companies (Aksa Çoruh Perakende Satış and Aksa Fırat Perakende Satış) serving approximately 4 million people. The 2030 strategy includes planned investments in solar power generation (GES), storage-integrated GES projects, and energy trading for international expansion. The company also operates the 'Gücümüz Yarınlarımız' corporate social responsibility platform focused on children's education and environmental awareness.

Differentiator

Problem solved

Functional benefit

Brands

• Çoruh EDAŞ: Electricity distribution services in Eastern Black Sea region (Çoruh region) covering Artvin, Giresun, Gümüşhane, Rize, and Trabzon provinces
• Fırat EDAŞ
• Aksa Çoruh Perakende Satış
• Aksa Fırat Perakende Satış
• Gücümüz Yarınlarımız

Quantifiable outcome

• Annual electricity distribution volume of 6.8 billion kilowatt-hours
• +3 more outcomes

Named customers4 records

Segments4 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Uzbekistan Regional Electric Networks AdministrationflagshipStrategic or Co-development Partner · 7 June 2024MoU signed for Public-Private Partnership Modernization Project for electricity distribution networks in Uzbekistan. The agreement was signed by Alper Erbaş (Executive Board Member and General Manager of Distribution Companies) and Askarov Asrorjon Akramovich (Deputy Chairman of Uzbekistan Regional Electric Networks Administration). This partnership represents Aksa Elektrik's international expansion strategy under the 2030 Global Strategy framework, leveraging operational expertise from Turkey's challenging geographies.

Scale indicators15 records

Recent moves15 records

Expansion highlights6 records

Direct peers

• Enerjisa Enerji: Turkey's largest private electricity distribution and retail company (Sabancı Holding/Enel JV), operating multiple distribution regions including Başkent, AYEDAŞ, and Yeşilırmak EDAŞ. Directly comparable regulated utility model with EPDK licenses, retail supply franchise, and similar geographic coverage of distribution concessions.
• CK Enerji: Çalık and Kolın consortium operating several Turkish electricity distribution companies (Toroslar EDAŞ, AYEDAŞ, Akdeniz EDAŞ, etc.). Direct peer as privatized EPDK-licensed distribution utility with similar tariff-based revenues and regional monopoly structure.
• Limak Yatırım (Uludağ Elektrik Dağıtım): Operates Uludağ EDAŞ as a privatized distribution utility in Turkey. Directly comparable licensed DSO with similar revenue model and EPDK oversight.
• CLK Enerji: Turkish distribution operator active in Uludağ, Trakya, and other provinces under EPDK licenses. Comparable as a privatized post-2006 distribution utility with similar regulatory and operational profile.
• ADM Elektrik Dağıtım (Gediz EDAŞ): Privatized distribution utility serving the Gediz region in western Turkey. Comparable licensed distribution operator with similar EPDK regulatory framework and customer mix.
• OSB Elektrik (OEDAŞ / Osmangazi EDAŞ): Privatized Turkish distribution company in the Osmangazi region, currently under EnergySA portfolio. Comparable EPDK-licensed distribution operator with similar customer base and regulatory exposure.

Regional players

• CEZ Group: Central European vertically integrated utility with distribution and generation across CEE. Comparable as a regional utility expanding from domestic distribution bases into adjacent geographies, mirroring Aksa's Turkey-to-Central Asia expansion.

Broad incumbents

• Enel S.p.A. Global multi-utility with extensive distribution networks across Europe and Latin America. Benchmark for capital-intensive distribution utility operations and international expansion playbook relevant to Aksa's Uzbekistan strategy.
• Iberdrola: Global renewable-led utility with significant distribution and retail operations in multiple geographies. Thematically comparable as a transition story from regulated distribution to renewable generation.

Emerging players

• Kalyon Güneş Teknolojileri: Turkish renewables developer with utility-scale solar projects. Comparable as a domestic energy infrastructure peer with overlapping ambitions in distributed generation that Aksa plans to enter under its 2030 Strategy.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/aksaelektrik
• Xx.com/elektrikaksa
• Facebookfacebook.com/aksaelektriksatis

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 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 Aksa Elektrik