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AES creates energy joint venture with Turkish company

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Arlington-based AES Corp. and Turkey-based Koç Holding have formed a joint venture, AES-Entek,  to develop and operate power generation projects.

AES and Koç Holding will have equal interests in Entek Elektik Uretim, which includes 300 megawatts of natural gas facilities.

AES-Entek will diversify into other energy sources, such as coal, hydroelectric and wind, through acquisitions and other opportunities presented by Turkey’s plan to privatize 15 gigawatts of power-generation assets.

AES is a global power company. Koç Holding is a major Turkish conglomerate, with holdings in the energy, consumer durables, automotive, finance, IT, telecommunications and tourism industries.


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