Sabancı

Energy company Enerjisa's Erciyes power plant with 65 megawatts installed capacity in the province of Kayseri has come online.

The facility, which is designed as a hybrid wind and solar power plant, produces 221 GW/hours of electricity annually. It will provide power to 75,000 households. When it is fully completed, the power plant's installed capacity will reach 100 megawatts.

E.ON Chief Executive Johannes Teyssen said business in Turkey was going well, adding the group expected power demand in the country to rise and flagging a possible listing of Enerjisa, its local joint venture with Sabancı.

The head of Sabancı Holding has said the company's shares are currently trading at a discount of around 40 percent, and its priority is to increase this share value to an acceptable level, Reuters has reported. 

Speaking at a press conference in Istanbul on May 23, Sabancı Holding CEO Mehmet Göçmen said the company would apply a new management model by this summer. 

In the year 1996, in the eastern and southeastern regions of Turkey, "unresolved murders" were commonplace. The "East Report" by the head of Sabancı Holding, Sakıp Sabancı, had just been issued at the time. An enormous cycle of violence was about to end in the southeast. 

President Recep Tayyip Erdoğan has called on businesspeople to step up in an "employment mobilization" campaign to create new jobs to enliven Turkey's stuttering economy, urging city governors to supervise the campaign. 

EnerjiSA, a joint venture between Turkey's Sabancı and Germany's E.ON, has brought electricity services to residents of Jarablus in northern Syria for the first time in four years, in cooperation with the Turkish Energy Ministry.