Establishing its first company in 1976, Akfen has gained the status of holding in 1996 It has participated in a number of infrastructure projects in Turkey as an investor and reached to an important position in the infrastructure sector.
The fields of activity of the holding are investments in its subsidiaries and affiliates operating in sectors such as airports management and operations, seaport operation, maritime transport, water distribution and waste water services, construction, real estate and energy, and to assume their administration and coordination.
Founded as a Joint Stock Company within scope of Law on Electricity Market 4628 which entered into force on March 3rd, 2001, Akfen Toptan has obtained its license from Energy Market Regulatory Authority on 16.03.2011 and commenced to operate upon registering to Market Financial Settlement Center. Operating under the parent company Akfen Holding; Akfen Toptan renders service in wholesale electricity field.
On 22 June 2016, Akfen Holding signed a Shareholders Agreement with EBRD and IFC for an up to 16.67% stake each, in Akfen Renewable Energy that was structured through the consolidation of of subsidiaries operating in the renewable energy area, Akfenhes Yatırımları ve Enerji Üretim A.Ş. (Akfen HEPP), Akfenres Rüzgar Enerjisi Yatırımları A.Ş. (Akfen WPP), Akfen Elektrik Enerjisi Toptan Satış A.Ş. (Akfen Wholesale) and following its transfer to our Company Karine Enerji Üretim Sanayi ve Ticaret A.Ş. (Karine SPP) under one roof, for a consideration of US$100 million each, respectively.
* EBRD (European Bank for Reconstruction and Development) ** IFC (International Finance Corporation)