BND Elektrik Üretim A.Ş. Owns three licenses for river-type hydropower plants with an installed capacity of 20.3MW.

• The company is finalizing studies to start construction. It is in the final round of negotiations for choosing its construction and turbine manufacturer partners.
• Current total project costs are at approximately USD35.0 million.
• All three projects have no revenue sharing commitment to the State, a commitment reflected on all new coming projects, increasing the value of the investment.

Nas A Sanayi ve Ticaret A.Ş. currently has applications for three projects with an installed capacity of approximately 20MW.

• Licenses are expected to be granted in 2010.
• Projects have no revenue sharing commitment to the State.