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Tüpraş took over the shares of Entek

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The processes regarding the takeover of the shares of the renewable power company Entek, a subsidiary of Koç Holding and Aygaz, by Tüpraş, which started in April, were approved by the general councils of the companies after the approvals received from the relevant official institutions.

ISTANBUL (IGFA) – Tüpraş, which has been the pioneer of power in Turkey since the day it was founded, announced its strategic transformation plan and its commitment to be carbon neutral in 2050 last year, and added a new one to the steps it took on this trip.

The company has made a valuable investment in the field of ‘zero carbon electricity’, which is one of the four strategic business lines it will focus on in the future within the scope of the plan.

The processes regarding the takeover of the shares of the renewable power company Entek, a subsidiary of Koç Holding and Aygaz, by Tüpraş, which started in April, were approved by the general councils of the companies after the approvals received from the relevant official institutions.

Making an assessment on the subject, Koç Holding Power Cluster Leader Yağız Eyüboğlu stated that Entek’s incorporation into Tüpraş is a valuable step in Koç Group’s growth strategy in sustainable and renewable power sources, and said, “This partnership will make a strong contribution to Tüpraş’s production portfolio on its strategic transformation journey, It will also accelerate the pure power future of our country,” he said.

Tüpraş General Manager İbrahim Yelmenoğlu said, “We continue to lay the foundations that will form the pioneer and chairman Tüpraş in the power of the future. Following our strategic transformation plan announcement, we took the first step towards our goals with Entek.”

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