2015 corporate profile - akfelakfel.com/files/akfel_kurumsalbrosur_2015.pdf · socar gas* gas...

2015 Corporate Profile

We are a young, ambitious and dynamic player in the global energy market. We are focused on delivering enduring value for all of our stakeholders and in order to achieve this we have the right energy, know-how and capabilities.

Akfel Commodities Page 10Power 4

Akfel Industries Page 30

Natural Gas Page 14

ADDING VALUE TO LIFE

CONTENTS1

2

3

4

6

8

10

14

24

30

Akfel in Brief

Mission and Vision

Akfel’s Corporate Competencies

The Dimensions of Akfel’s Reach

Akfel at a Glance

Akfel’s Milestones

Akfel Commodities

Natural Gas

Power

Akfel Industries

1/ Akfel Holding / 2015 Corporate Profile /

AKFEL IN BRIEF

Over 70 TWh natural gas trade annuallyMore than 250 industrial projects in 15 countries

Founded in 1995, Akfel is a corporate group focused on sustainable growth while creating enduring value for all of its stakeholders.

Akfel conducts its operations in two main divisions: Industrial Services and Energy Commodity Trading.

Akfel Commodities has the largest non-governmental market share in Turkey, with an annual trading volume of over 70 TWh. Furthermore, we have positioned ourselves uniquely in the South Eastern Europe gas market as a reliable gas supplier via multiple import channels. This is achieved through equity partnerships with leading global energy companies.

Akfel Industries offers infrastructure services for oil&gas and renewable energy projects, including design, engineering, consulting, construction, manufacturing, operation and maintenance in developing markets, such as Turkey, MENA, Gulf and CIS countries.

To complement Akfel’s strength in oil&gas markets, we have been at the forefront of the development of the renewable energy market in Turkey and the CIS countries, with a strong portfolio that includes hydro power plants and photovoltaic electricity generation. In addition, Akfel engages in regional cross-border power transactions and is a major trader in Turkish power market.

Akfel has an extensive international organization that not only strengthens its clout in different business lines but also supports the group in its efforts to become a leading player in the global energy industry across the Eurasian region.

As it celebrates its 20th year in business, Akfel’s competitive engineering strengths, its customer- and quality-focus, its continuous-improvement and a lifelong learning approach, its teamwork, its talent for coming up with unique solutions, and its commitment to multiculturalism are the essential elements that will continue to power the Akfel’s future growth performance.

2 / Akfel Holding / 2015 Corporate Profile /

MISSION AND VISION

OUR MISSION

To be a leading energy company in the global energy market by employing expert administrative and technical personnel who have been provided with training and career opportunities and taking part in local and international alliances in order to respond to our customers’ needs with the right services in a timely manner.

OUR VISION

To satisfy customers’ expectations in the best way possible by providing them with reliably excellent energy industry products and services; to be one of our region’s leading firms in the fields of energy supply, transmission, distribution, and associated infrastructure while safeguarding human and environmental health.


AKFEL’S CORPORATE COMPETENCIES

Unrivaled engineering strengthsAkfel is underpinned by its solid engineering know-how. Over the years Akfel has been building up the foundations needed for its sustainable growth by distinguishing itself through the services it provides to its domestic and international customers. Power plants, transmission and distribution networks, natural gas and oil pipelines, integrated oil and gas engineering solutions, products and EPC services are the key areas in which Akfel continues to demonstrate its superior engineering and production competencies and create value for its customers.

Strongly positioned in international natural gas tradeThanks to the strong business partnerships that it has built up in the commodity trade, Akfel single-handedly supplies 14% of the natural gas that Turkey needs. Akfel conducts its energy trade operations through joint ventures and/or strategic alliances with such international energy market leaders and global companies as Gazprom, OMV and SOCAR.

International service networkHeadquartered in İstanbul and Singapore, Akfel has subsidiaries and offices in Algiers, Amsterdam, Antwerp, Vienna. International presence allows Akfel to access global energy markets via international alliances.

Customer- and quality-focusA customer- and quality-focused service approach is what underpins everything that Akfel does. The success that the Akfel has built up in the industrial services division over the years is the outcome of engineering strength and customer- and quality-focus.

Continuous improvement and lifelong learningStrategic priorities identified through a proactive approach seek constantly to do better and to create more added value in both the industrial services and the commodity trade segments. Continuous improvement and learning at Akfel are supported by new technologies, R&D and innovation.

TeamworkAkfel’s human resources are characterized by a strong sense of loyalty and solidarity. Teamwork is what underlies Akfel’s every success both in its engineering works and in its commercial endeavors. With a team whose members gain experience through personal involvement in every stage of a project and with an absolute commitment to hard work and honesty, Akfel is a corporate citizen who values teamwork as the best way to create shared value.

Talent for coming up with unique solutionsAkfel has the ability to design, produce, and deliver unique solutions for every engineering and EPC project that it undertakes. That ability is what distinguishes Akfel from its competitors and what makes it an outstanding regional leader and business partner.

Commitment to multiculturalismBased in İstanbul and with service locales ranging from Singapore in the east to Vienna in the west, Akfel’s human resources are also strongly multi-cultural. Professionals with different cultural backgrounds working together under the same roof give Akfel a valuable competitive advantage by helping it to comply with different national legal frameworks and to engage in socially-mindful business activities.


THE DIMENSIONS OF AKFEL’S REACH

The electricity generated via the natural gas supply through Akfel designed plants reaches more than 22 million households. This equals the number of households in Mexico City.

The power capacity of CCGTs gasified by Akfel equal the power capacity of 160 Triple E container freighters, transporting more than 2.8 million containers. That is around 16% of the total available container capacity on this planet.


The capacity of Akfel’s systems around the globe is greater than 125 bcm per year, or more than 14 million m3 per hour.

Akfel provides gas service to 25 million people - the population of the Netherlands and Greece combined.

Akfel Commodities trades 70 TWh each year; the same amount of electricity supplied by wind and solar projects in Germany.


Turen Energy Renewables

Akfel Power Power Trading

Natural Gas

Akfel Commodities

Power

AKFEL AT A GLANCE

13 Companies6 countries 400 employees

Enerco Energy* Gas Import and Wholesale

Avrasya Gas* Gas Import and Wholesale

Akfel GasGas Import and Wholesale

SOCAR Gas* Gas Import and Wholesale

Akfel Energy Gas Wholesale

*Joint venture partnerships of Akfel

Akfel Headquarters, İstanbul


Promet EPC-M and Supervision Services for Gas

Transmission and Distribution

Enimex Equipment Oil and Gas Valves

Akfel Oil and Gas Engineering Oil and Gas Products, Vessels and Skids

Akfel Contracting EPC Services

iSystems Hydrocarbon Engineering

Merk SolarSolar Energy Plants

Akfel Industries

EPC Services Consultancy

Manufacturing

AlgiersAmsterdam

Antwerpİstanbul

Singapore Vienna

Akfel Industries, Gebze Complex


AKFEL’S MILESTONES

20 years of success and a clear path for the future

1997 Akfel started local manufacturing.

1999Akfel Singapore Pte. Ltd. is founded.

Akfel enters the HVAC (heating, ventilation, and air conditioning) business.

2000Akfel is awarded the ISO 9001: Quality Management System certification.

Promet Consulting company is established.

2004Akfel subsidiaries Enerco Energy, Akfel Energy and Turen Energy are established in the wake of the liberalization of Turkey’s natural gas market.

1995 Akfel Engineering is established and quickly becomes the major distributor for European gas-technology products.

2007Enerco Energy becomes the first, privately-owned firm to sign a contract with Gazprom.

2009Turen Energy begins work on its portfolio of hydroelectric power plant projects.

Enerco Energy starts importing natural gas (supply 2.5 bcma).


With an unrivaled combination of superior engineering competencies and in-depth expertise in international trade, Akfel has a clear vision for the future and the ability to lead the way.

2012 Akfel Gaz signs the group’s second contract with Gazprom.

Akfel Energy begins wholesaling natural gas. Solar energy investment companies are established and first, photovoltaic investments are undertaken.

2011Akfel Gaz - a natural gas importer - is launched.

Merk Solar Energy begins installation of PV projects.

Akfel Power initiates regional cross-border energy trading as a member of the European Network of Transmission System Operators (ENTSO-E).

2015Akfel is a founding shareholder in EPİAŞ (Energy Exchange Market).

2010A representative office is opened in Vienna.

Akfel Power established, licensed, and begins wholesale electricity trading.

2013Akfel subsidiaries are brought together under Akfel Holding.

Akfel Gaz commences the sale of natural gas (supply of 2.25 bcma).

Avrasya Gaz joins the group as the third company with Gazprom contract (supply of 0.5 bcma).

SOCAR Gas Trading Company is founded as a joint venture with SOCAR Turkey (supply of 1.2 bcma).

A joint venture agreement is signed with Greece-based Enimex S.A. to manufacture valves in Turkey.

Akfel acquires a stake in iSystems, a Belgium-based engineering firm.

2014Following the establishment of Akfel Industry’s new complex, industrial operations moved to more spacious and modern plant.


AKFEL COMMODITIESNATURAL GASPOWER


Akfel Commodities has the vision to become an integrated gas&power trading company active in SEE, CIS regions and Turkey and surrounding gas reserve areas.

Akfel Commodities will create value and craft customer-specific products by utilizing its existing supply and sales portfolio, strong customer base and long lasting presence in the region. • EU seeks to further integrate the internal energy market, diversify its

sources of supply and boost the security of supply.

• Further to the 3rd energy package directive, unbundling of midstream infrastructure of SEE market has started.

• SEE gas market is expected to see demand growth.• Turkey-Bulgaria-Greece triangle is expected to become an important

European hub with volume coming from Turkey.• Building-up an East-West gas corridor from CIS to Turkey extending

over Italy.• Increase in liquidity between and within SEE markets.• Facilitating electricity supply-demand imbalances of SEE markets,

Turkey and CIS countries through ENTSO-E network codes.• Cross-commodity trades with location swaps become more prominent.• Opportunities in Syria, Iraq, Iran, Cyprus and Israel will enhance energy

hub role of Turkey.

Leveraging contemporary energy silk road

COMMODITIES

Opening up the Southern Gas Corridor

Italy

Bulgaria

Romania

Hungary

Slovakia

Austria

TANAP SCP

SDII

Caspian SeaBlack Sea

Mediterranean Sea Proposed TAP pipeline

Proposed Turkish Stream pipelinePotential gas flow into SEE and Europe

SCP and TANAP

GreeceTurkey

Physical reverse flow


Projected Gas Demand in Nine SEE Markets, 2005-2025 Projected Supply Gap in Nine SEE Markets, 2005-2025

Albania

Bulgaria

Bosnia and Herzegovina

Croatia

Kosova

Macedonia, FYR

Montenegro

Romania

Serbia

Source (both graphs) : The Future of the Natural Gas Market in South East Europe, The World Bank

Albania

Bulgaria

Bosnia and Herzegovina

Croatia

Kosova

Macedonia, FYR

Montenegro

Romania

Serbia

26.2

32.836.5

41.245.0

8.8

7 SEE markets: 3.0 Bcm

7 SEE markets: 8.0 Bcm

15.0

22.7

29.4

Annual Demand (Bcm)

40

30

20

10

02005 2010 2015 2020 2025

Annual Demand (Bcm)

40

30

20

10

02005 2010 2015 2020 2025

14 / Akfel Holding / 2015 Corporate Profile / Commodities

NATURAL GAS

15/ Akfel Holding / 2015 Corporate Profile / Commodities

Akfel is a leading player in Turkey’s natural gas market.


ImportsThree Akfel companies with joint venture partnerships hold import licenses and contracts with Gazprom that enable them to import 5.25 billion m3 per year. SOCAR Gas, a SOCAR-Akfel joint venture, also supplies 1.2 billion m3 of natural gas from Azerbaijan annually.

Akfel has more gas supply points than any other privately-owned gas importer active in Turkey today. The company’s long-term licenses give it the ability to supply 6.45 billion m3 of natural gas a year.

Akfel began importing natural gas into Turkey on 1 April 2009. As of 31 December 2014, the Company had imported a total of 21.7 billion m3 of which 19.4 billion m3 was from Russia and 2.3 billion m3 was from Azerbaijan.

Having been actively involved ever since its liberalization got under way, Akfel is a leading player in Turkey’s natural gas market and has brought about many innovations in it through its subsidiaries.

NATURAL GAS

Akfel natural gas imports in billion m3: 2009-2014

Total Russia Azerbaijan

2012

2.5

2.5

2011

2.9

2.9

2010

2.2

2.2

2009

1.6

1.6

2013

5.1

6.3

1.2

20145.

1

6.2

1.1


Thanks to the strong business partnerships that it has built up in the commodity trade, Akfel single-handedly supplies 14% of the natural gas that Turkey needs.


Trade

Between 2009-2014, Akfel subsidiaries and joint ventures had traded a total volume of 24.7 billion m3 of gas.

These companies’ supply portfolios consist of long-term importing and short-term wholesaling contracts while their sales portfolios consist of medium- and long-term contracts and a mix of spot, seasonal swap, and commodity swap agreements. Actively engaged in all gas market segments, Akfel’s customer portfolio consists of wholesalers, local gas distributors, power generators, and major industrial customers.

Storage

In order to ensure an uninterrupted flow to the customers, Akfel has been making use of the natural gas storage facility located in Silivri, west of İstanbul ever since the Turkish Petroleum Company initiated third party access.

Akfel subsidiaries and joint ventures booked more capacity than any other privately owned firm in Turkey.

LNG

Two Akfel companies–Enerco and Akfel Energy–are licensed to import LNG into Turkey on a spot basis.

Both have entered into master sales agreements with many of the world’s biggest LNG trading firms and have the ability to begin importing LNG immediately the price makes it economical to do so.

Having identified this business line as one in which to further expand its performance, Akfel keeps its eye on LNG market developments.

TP storage capacity reservation as mn m3: 2012-2015

2012

35

2013

235

2014

296

2015

296

Akfel natural gas sales in billion m3: 2009-2014

2009 2014

1.7

2010

2.6

2011

3.1

2012

2.6

2013

6.6

8.10

Akfel subsidiaries and joint ventures booked more capacity than any other privately-owned firm in Turkey.


Market developmentIn order to contribute to further progress in the market liberalization process begun in 2001 by Law 4646. Akfel companies play an active role and support market’s development through NGOs which are active in the industry.

Akfel engages in close and constant communication with public authorities and it voluntarily takes part in activities for which its input is needed. Akfel proposes, reviews, and assesses possible changes in the legal framework governing the industry and makes recommendations that will be of practical benefit to the entire market.

2013 Natural gas suppliers breakdown of Turkey

2013

76%BOTAŞ

24%Private

60%Akfel

As of year end 2013, Akfel commands a 60% market share in terms of total gas imported, among private companies.

Akfel’s long-term licenses give it the ability to supply 6.45 billion m3 of natural gas a year.


Natural gas consumption in Turkey has been increasing rapidly since the beginning of this millennium. The rise has been driven especially by grid penetration and increasing number of CCGTs.

With one exception–2009 when the effects of the global economic crisis were the most seriously felt–natural gas consumption in Turkey has risen in every year since 2000. Although the pace has slackened off a bit in

more recent years, the year-on-year rate of increase is still faster than both EU and world averages.

In December 2014, Turkey crossed the 5 billion m3/month threshold for the first time by importing 5.004 billion m3 of natural gas.

According to Energy Market Regulatory Authority of Turkey (EMRA) projections, Turkey’s natural gas consumption in 2015 is expected to be 50.8 billion m3.

Outlook: Turkey needs increasingly more natural gas.


Turkey: 2014-2015 natural gas importAs per 9,155 Kcal/m3 upper calorific value, millions m3

4,79

2

4,22

0

4,53

5

4,11

5

3,88

2

3,30

2

3,69

0

3,82

9

3,89

4

3,44

2

4,55

9

5,00

4

4,99

8

4,63

5

4,27

8

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Jan Feb MarDec

Turkey net gas importsBcm80

70

60

50

40

30

20

10

0

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

Actual

Conservative Scenario

Proactive Scenario

Natural gas consumption in Turkey: 2000-2014Bcm60

50

40

30

20

10

02000 2004 2008 2012 2014

Source: OME, Mediterranean Energy Perspectives MEP Turkey, 2014

According to EMRA projections, Turkey’s natural gas consumption in 2015 is expected to be 50.8 billion m3.


The TANAP project’s first gas will flow in 2018.Work on the Trans-Anatolian Natural Gas Pipeline (TANAP) project, which is regarded as one of the most important undertakings that will strengthen Turkey’s role both as a regional energy hub and a natural gas corridor in the global energy industry, began in March 2014.

With the completion of the Southern Gas Corridor, which is one of four major pipelines and to which TANAP is central, natural gas extracted from the Shah Deniz 2 gas field in Azerbaijan will traverse Georgia and reach Turkey. Having thereafter crossed twenty-one of the country’s provinces and 1,850 kilometers, TANAP will then connect with the Trans Adriatic Pipeline (TAP), which will take the gas on to Europe.

Turkish Stream is designed to carry 63 billion m3 of natural gas a year.Work on Turkish Stream, the so far unofficial name of a pipeline that will carry Russian natural gas to Europe through Turkey, will be completed in 2020.

Intended to replace the South Stream project that was canceled in December 2014, Turkish Stream will transport Russian natural gas to Europe through Turkey instead. This project will make an equally important contribution to Turkey’s standing as an international energy corridor.

Planned for completion in 2020, Turkish Stream is designed to carry 63 billion m3 of natural gas a year. The pipeline’s total length will be 910 kilometers, of which 660 kilometers will be offshore and 250 kilometers in Turkey.

AKFEL has been supportive for all kind of infrastructure activities which will increase supply security of Turkey and eventually pump the liquidity in gas trade in Turkey and South Eastern Europe.

Work on TANAP project, which is regarded as one of the most important undertakings that will strengthen Turkey’s role both as a regional energy hub and a natural gas corridor in the global energy industry, began in March 2014.

Planned for completion in 2020, Turkish Stream is designed to carry 63 billion m3 of natural gas a year. The pipeline’s total length will be 910 kilometers, of which 660 kilometers will be offshore and 250 kilometers in Turkey.


Bcm

80

70

60

50

40

30

20

10

02013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Turkey: Supply Contracts vs Gas Import Need

Available capacity for potential spot LNG imports

Expiring private sector contracts

Expiring BOTAŞ contracts

Existing private sector contracts

Existing BOTAŞ contracts

Gas import requirement (conservative scenario)

Gas import requirement (proactive scenario)

Source: OME, Mediterranean Energy Perspectives MEP Turkey, 2014


POWER


Akfel is focused on increasing its capacity of renewable energy investments and electricity trading.


Akfel is actively involved in Turkey’s power market. The Company’s undertakings in this business line focus primarily on increasing the capacity of renewable energy investments and electricity trading.

A fully owned Akfel company-Turen Energy–entered the renewable energy market as an investor in 2009. Today, Turen Energy contributes to the national economy by generating energy with a hydroelectric power plant portfolio. The Company focused on diversifying its investment portfolio especially with solar energy and other renewables. Another renewable energy business line on which Akfel is concentrating is that of solar power, whose legal framework in Turkey is recently developed among other energy sources.

Merk Solar, one of the pioneers of Turkey’s solar power industry, develops turnkey projects whose aim is to transform Turkey’s solar power potential into economic benefit. Having several track records, Merk Solar will enlarge its EPC portfolio with ongoing projects.

Merk Solar built and commissioned the first solar power plant in Turkey which was authorized to issue invoices without a generation license. Merk Solar is also one of the first players of the sector to venture abroad by taking part in international projects.

Akfel Power, which began import, export, wholesale trading and sales to end users in 2010, concentrates on supplying its customers and business partners with superior-quality and competitive services. The Company holds a 20-year power supply license under which it sells electricity to any type of eligible consumers like industrial or commercial subscribers and households.

Akfel Power supplies its customers with price-efficient tariffs. The Company originates energy from Akfel Holding’s renewable energy generation portfolio, from long-term bilateral contracts with partners based in Turkey and via cross-border trades at Bulgaria, Greece and Georgia borders.

Akfel Power is one of the first companies to engage in the cross-border electricity trade between Turkey and European countries that began in 2011. Akfel Power exported electricity to Bulgaria in June 2011 as its first cross-border delivery. The Company has been importing electrical power from Greece and Bulgaria since 2011. Akfel Power is one of the first in Turkey to begin importing power from Georgia with a long-term agreement after the commissioning of a transmission line between the two countries in 2014. As a result of such developments, Akfel Power is advancing steadily towards becoming a potent regional player.

Akfel Power is advancing steadily towards becoming a potent regional player by leveraging Turkey’s energy hub position between Europe and Asia.

POWER


Akfel Power is one of the pioneer cross-border trading companies over the ENTSO-E inter-connection with its European counterparties since June 2011. Furthermore, commercial cross-border trades between Georgia and Turkey via the Borçka-Akhaltsikhe transmission line started in 2014. Since then, Akfel Power has taken its place as one of the first importers from Georgia.


Combining Akfel’s energy market knowledge and experience with its own competencies, Akfel Power further boosted its competitive strength by becoming a party to Turkey’s longest-term gas/electricity swap agreement in 2013. Under this agreement, the natural gas that Akfel imports is converted into electricity in high-efficiency power plants and supplied to Akfel Power customers.

Akfel Power takes an effective risk management approach in order to manage its eligible-consumer portfolio and energy supply alternatives in the context of Turkey’s dynamically changing market conditions. Having steadily grown that portfolio over the years, the company enjoys a reputation as a trusted supplier in every province. Akfel Power today generates high added value for the national economy by supplying electricity to large numbers of subscribers in 81 cities at sustainably competitive rates.

Having supported the growth and development of the over-the-counter electricity trades in Turkey, Akfel Power is one of the most active players in the market. The Company has made it possible for consumers to obtain the most economically-priced power by helping to increase that market’s depth.

As one of the founding shareholders in EPİAŞ (Energy Exchange Market), whose incorporation was completed in March 2015. Akfel Power will continue to support the development of energy markets in Turkey.

Employing a staff of professionals with extensive knowledge and experience of electricity market regulations, Akfel Power provides a wide range of commercial and operational solutions while also tailoring terms precisely according to customers’ profiles. Akfel Power benefits from the store of knowledge and experience that has accumulated within Akfel in the course of many years of operations in the international arena.

As one of the founding shareholders in EPİAŞ, Akfel Power will continue to support the development of energy markets in Turkey.


Set up and licensed by the Turkish Energy Market Regulatory Authority (EMRA) to manage organized wholesale electricity markets pursuant to the Electricity Market Act (Law No. 6446), the incorporation of EPİAŞ has been finalized in March 2015.

EPİAŞ’s importance lies in its potential to increase the attractiveness of energy investments in Turkey through a market-liberalization approach that seeks to deal with the growing need for energy in a country that has also set its sights on becoming a regional energy hub.

EPİAŞ will bring additional benefits such as fostering conditions favorable to supply-side security in energy markets, increasing market liquidity and transparency, and allowing market participants to manage their risks more effectively and to optimize their portfolios. By creating an energy market structure that can be trusted, these factors will make it possible for Turkey to become an energy trading center. EPİAŞ will also provide for a more consumer-friendly energy price discovery mechanism.

Shareholder structureEPİAŞ’s shares are divided into three groups: 30% are Group A shares that belong to TEİAŞ (Turkish Electricity Transmission Inc); 30% are Group B shares that are owned by Borsa İstanbul; 40% are Group C shares that are apportioned among various private-sector firms. In addition to its Group B shares, Borsa İstanbul also controls a 4.161% block of Group C shares.

Object and ScopeEPİAŞ will be an energy exchange market for electricity market in the beginning, but it will cover natural gas and oil markets in the future. The Company will make Turkey closer to its energy targets of the year 2023.

EPİAŞ: For a more reliable energy market

30 / Akfel Holding / 2015 Corporate Profile / Industries

AKFELINDUSTRIESEPC ServicesManufacturingConsulting

31/ Akfel Holding / 2015 Corporate Profile / Industries


The growth and development of the industrial concerns that serve the natural gas industry parallels that of the industry itself. The earliest natural gas industry activities in Turkey, which is to say those before the adopting of the Natural Gas Markets Act (Law 4646) in 2001, took place in İstanbul, Ankara, İzmit, Bursa, and Eskişehir and were confined almost exclusively to those cities’ distribution zones. Our own natural gas industrial operations as Akfel Industries companies at the outset therefore consisted of supplying and installing products for companies operating in the first distribution centers and of integrating their systems.

With the groundwork for natural gas distribution services having been laid by Law 4646, in 2003 the Energy Market Regulatory Authority (EMRA) began auctioning off natural gas distribution concession contracts in order to support the spread of natural gas service provision. By the early months of 2014 the auctioning process had largely run its course.

As a result of such auctions, natural gas distribution services have been brought to nearly every significantly-sized center of population and license territory in Turkey. An essential stipulation of all of these contracts was that natural gas infrastructure investments had to be completed throughout the concession territory within five years’ time. That requirement greatly accelerated investment everywhere in the country and gave birth to a serious need for technical product procurement and engineering services. In order to respond to needs as this process unfolded, Akfel Industries developed itself in the areas of city distribution, industrial and commercial utilization, by providing manufacturing, engineering, consultancy services, and system integration and thereby became one of the sector’s leading actors.

As the initial five-year investment phases drew to a close and the need for a more precisely-defined tariff methodology became apparent beginning in 2012, a new round of investment activity got under way in the natural gas distribution sector.

By 2014, this process was nourishing a demand for a higher level of engineering services such as those required by natural gas-fired combined-cycle power plants for example. Akfel Industries companies have been playing a primary role in designing and building the natural gas infrastructure for such plants. In 2014 alone, our companies were responsible for the natural gas infrastructure of five such plants whose aggregate installed capacity amounted to 1,450 MW.

Akfel Industries provide manufacturing, engineering, construction and project management activities in energy market since 1995, specialized in providing EPC services, consultancy&supervision and manufacturing activities for oil&gas, as well as power industries.

INDUSTRIES


Akfel Industries developed itself in the areas of providing EPC works, consultancy and supervision, and manufacturing activities for oil&gas, as well as power industries. Akfel Industries offers the highest quality in piping and plant construction: from engineering, fabrication to commissioning and O&M.


Akfel Industries provides liquid metering and control solutions to major oil companies in Gulf, MENA and CIS regions.

The total generation capacity of Combined Cycle Gas Turbine power plants with Akfel infrastructure is 10 GW.

Akfel products provide gas service to 25 million households.

Akfel Industries will continue to serve the sector and offer new products as it further develops its range of gas flow regulator products.

Akfel Industries is also actively engaged in the design and construction of CNG and LNG technologies, demand for which is becoming increasingly greater with the spread of alternative fuel for public transportation vehicles.

Akfel Industries is actively engaged in the design and construction of pressure control and integrated metering systems, demand for which is becoming increasingly greater.

Turkey-Greece Pipeline Border Metering Station


Akfel is underpinned by its solid engineering know-how. Over 20 years Akfel has been building up the foundations needed for its sustainable growth by distinguishing itself through the services it provides to its domestic and international customers.


A subsidiary of Akfel Industries, Merk Solar delivers EPC services for PV projects including: • Management of entire process, from engineering to financing and

turnkey construction,• Technical and Financial Consulting and DD studies,• Supply chain management,• Construction (PV installation, mounting and performance testing).

Providing operational services and maintenance (O&M)Having a competent and experienced engineering team that can manage the entire process of development and implementation, Merk Solar provides professional services satisfying customer needs.

As of 2015, company aims to have the largest EPC portfolio in Turkey upon the completion of its 100 MW PV projects in pipeline.

Merk Solar furnished the first on-grid PV system installation in Turkey, which has been approved by FIT scheme. Project was rewarded with “Best Renewable Energy Collaboration Award” at this year’s TIREC Awards in Turkey.

Akfel Industries is one of the pioneers of Turkish solar energy market, where it has been delivering innovative and reliable EPC services for PV projects in Turkey, MENA, and CIS regions.


Akfel Industries contributes to a clean world for the next generations by enjoying the renewable energy of sun.


One of the most important milestones passed in 2014 was concerned with Akfel Industries’ relocation to its new home in Gebze. Designed taking our sector’s current and future needs into account, the Akfel Industries Gebze Complex provides 10,000 m2 space for the use of its subsidiary companies.

Akfel performs ISO9001:2008 (approved by TÜV) Quality Assurance System to make sure that its products and services are in line with customers’ expectations and in accordance with the ruling standards and codes. Akfel is committed to safeguarding the health and safety of people and conserving the environment. This commitment is achieved by ensuring that all relevant aspects are addressed in HSE Company Policies and certified in accordance with OHSAH18001:2007 (approved by TÜV) Occupational Health and Safety Management System as well as ISO14001:2004 (approved by TÜV) Environmental Management Systems; complying with all applicable laws and regulations in that respect.

Turkey has earned a justifiably deserved reputation as a worldwide model in the broad-based provision of natural gas and associated services.Having played a leading role in that process, Akfel Industries is now taking the experience it has acquired and the value it creates into the international arena as well.

Akfel Industries will be seeking to increase its effectiveness in the provision of more advanced-level engineering services in other countries’ markets.

Akfel’s new industrial plant has a total floor space of 10,000 m2, permitting them to expand their capacities, as well as product and service ranges, such as Akfel-designed pressure vessels and process equipment and Enimex-designed ball valves. With the expansion in technical and geographical markets, internal and customer requests led to the founding of the Akfel Academy, which features modern classrooms and an auditorium, increasing customer value and providing efficient in-house training.

The Akfel Industries Gebze Complex provides 10,000 m2 space for the use of its subsidiary companies.

Akfel Academy-Conference Hall


April 2015

THE AKFEL MANAGEMENT TEAM


HeadquartersBuyaka Blokları Poligon Cad. Kule: 1 Kat: 1634771 Ümraniye-İstanbul TURKEYT: +90 216 524 38 00 F: +90 216 524 38 [email protected]

Industrial PlantAkfel Endüstri Tesisleri İmalat ve Taahhüt A.Ş.GOSB İhsan Dede Cad. No: 11541400 Gebze-Kocaeli TURKEYT: +90 216 581 39 00 F: +90 262 677 18 64

International Offices

Akfel ViennaKohlmarkt 16/13 1014 Vienna [email protected]

iSystems NVVaartdijk 15/B3, B-2930 Brasschaat BELGIUM T: +32 3 665 11 15 F: +32 3 665 11 [email protected]

Akfel Algeria Micro Zone d’Activite Hydra 20, Chemin Doudou Mokhtar Immeuble Dar Medina, Bloc B N.14, 1er etage, Algiers [email protected]

Akfel SingaporeAkfel Commodities Pte. Ltd.77 Robinson Road N.16-00 Robinson 77 Singapore (068896)[email protected]

DIRECTORY

www.akfel.com

İstanbul ViennaAntwerpAmsterdamAlgiers Singapore

2015 corporate profile - akfelakfel.com/files/akfel_kurumsalbrosur_2015.pdf · socar gas* gas...

Documents