• Palen - highly successful and long-established natural gas distribution license company which
  • enjoy regulated tariffs and attractive rates of return as well as strong growth history and outlook.
  • Received a Consession Right for 30 years starting from 2004 by EMRA (Energy Regulator).
  • Operates in Erzurum city and surrounding districts. Turkey’s coldest city with high population .
  • Due to long winter period there is stable cash flow..
  • 1st Gas Distribution company in Turkey financed through IFC.
  • 193 million m3 sale and transportation in 2016
  • All gas distribution infrastructure engineering is completed by Palmet Engineering
  • Residential customer with high tariff reveune level.
  • Guaranteed revenue stream during tariff period.
February 2004