2014 ANNUAL REPORT

BORUSAN EnBW ENERGY

Conducted the required positioning and design studies for

portfolio projects.

Completed the construction and assembly work for the

Balabanlı WEPP (Tekirdağ, 50 MW) and opened the plant for

operation on 11 July 2014. Held the official opening ceremony of

the Balabanlı WEPP on 11 September 2014.

Held groundbreaking ceremonies for the Fuatres WEPP,

Harmanlık WEPP, Mut WEPP and Koru WEPP projects (also on

11 September 2014), and expanded capacity at the currently

operating Bandırma WEPP – all under a 207 MW-wind energy

expansion investment plan formulated in 2013. Started

construction of all these projects. Laid foundations for the

capacity extension of the Bandırma WEPP and the erection of

the Harmanlık WEPP, Mut WEPP and Koru WEPP turbines.

Completed the application process for provisional approval

for the first eight of the nine turbines of the 27 MW-capacity

increase in the 60 MW Bandırma WEPP. Thus, the initial portion

of the Wind Bundle and the Bandırma WEPP Capacity Extension

projects became commercially operational. Raised Bandırma

WEPP’s capacity to 86.4 MW; raised our wind energy installed

capacity to 136.4 MW, and increased our total installed capacity

to 186.4 MW.

Conducted financial negotiations for the Wind Bundle projects.

Hidiv Elektrik Toptan Satış A.Ş. supplied Borusan Group

Companies with electricity in 2014. It continued supplying

electricity to Coca-Cola İçecek A.Ş., its first non-group customer.

Added Borçelik to the Borusan Group sales portfolio.

2014 HIGHLIGHTS

Sectors served

Balancing Power Market

Eligible consumers (industrial and commercial customers that

consume 4,500 kWh/year or more)

CORPORATE INFORMATION

Hydro

Wind

Existing Portfolio (743 MW)

Target Portfolio (2.000 MW)

39%

10%

14%

76%

61%

OPERATIONAL INFORMATION

PARTNER

Hydro

Wind

Other

ENERGY