Zehra Zeynep Dereli, General Manager of ODAS CA, stated that the company follows a growth process based on sustainability with its dynamic approach and strong capital structure. She emphasized that the group, which owns the 340 MWm capacity Can 2 Thermal Power Plant in Turkey, operates a natural gas combined cycle power plant in Uzbekistan with a total installed capacity of 174 MWe, and that this is the company's first international investment. Explaining that ODAS CAs Uzbekistan power plant meets an important need, Zehra Zeynep Dereli said, "This facility, which provides uninterrupted energy to approximately 500.000 households, also operates directly connected to Uzbekistan’s national electricity transmission grid and according to 2024 data, meets 35% of the electricity needs of the Khorezm Region."As a company, we have a goal to further expand our commitment and presence in the region. She added by saying, "In the upcoming period, we are closely evaluating opportunities for new partnerships and investments both in Uzbekistan and throughout Central Asia. We are moving forward with the aim of providing sustainable solutions that meet the region's needs in the field of energy production."
Growth based on sustainability principles is aimed Stating that the ODAS CA Power Plant is the second energy plant implemented through private enterprise in Uzbekistan, Zehra Zeynep Dereli commented that it has become a success story and a source of inspiration not only for ODAS but also for other investors. She noted that research activities for new projects are continuing and that Uzbekistan plays a pioneering role in encouraging and paving the way for private investments in the energy sector: Regarding new investment directions, Dereli shared the following information. "We directly support Uzbekistan's goal of reaching 15 GW of renewable energy capacity and producing more than 40% of its electricity from clean sources by 2030. In the coming period, we plan a strategic Phase Il expansion with the goal of reducing carbon intensity and contributing to the national green energy transition strategy by integrating a 50 MW solar energy project and additional natural gas piston unit capacity. As ODAS, we prioritize creating lasting value by placing sustainability, efficiency, and responsible production at the center of our operations. We are not only keeping up with the transformation in the energy sector but are also moving with the vision of being a key actor that determines the direction of this transformation. in the long term, we aim to become an innovative, inspiring, and guiding leader in the energy field not only in Türkiye but also on a regional scale."
"Investment cost optimization achieved by relocating an existing plant"
Zehra Zeynep Dereli emphasized that the ODAS CA Natural Gas Power Plant started its operations by successfully relocating and establishing a plant previously located in Türkiye, achieving an investment cost optimization success story. She stated that this relocation, with minimized environmental impact, was a model operation. Highlighting that this was not only a technical success but also a strategic cooperation that serves as an example for regional countries, Derel said, "Our long-term goal is to become a leading brand that guides the energy transition not only in Türkiye but also on a regional scale. We focus on creating long-term value inline with the principles of sustainability, efficiency, and responsible production. In line with this vision, ODA$'s presence in Uzbekistanis also at the center of our regional growth strategy."
"Uzbekistan offers remarkable opportunities for investment"
Stating that Uzbekistan has enacted laws encouraging foreign direct investment in the energy sector and that they view this positively, Zehra Zeynep Dereli emphasized that the country offers significant opportunities and said, "Uzbekistan's economy is becoming a significant power in its region and offers remarkable opportunities for investment. We welcome the Uzbek government's energy laws that encourage foreign investors. These regulations are positioning the country as a strong economic actor on a regional scale while also creating important opportunities for companies like ODAS. In our investments, we prioritize the rule of law, transparency, and the continuity of sustainable conditions. Our 25 year contract-based investment in Uzbekistan is a clear indication of our confidence in the country and our commitment to contributing to long-term development."
