- 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.