GAMA Power Systems Has Been Worthy of Award in the 2017 Corporation Tax Category

GAMA Power Systems Engineering and Contracting Inc, has been worthy of award in the 2017 Corporation Tax Category, among the firms contributing to the industry of Ankara. Mr Hakan Özman, Deputy Chairman and CEO of GAMA Holding, has received the 54th Year Award for 2017 Chamber of Industry of Ankara, from the President Recep Tayyip Erdoğan at the ceremony held at the Presidential Establishment.

New Partner joining GAMA Holding

A share sale agreement was signed for the amendment of the partnership structure at GAMA, founded in 1959 and operating in the construction of power plants, industrial plants, factories, high buildings and infrastructure and owning Energy and Public-Private Partnership Hospital investments.

Stating that the sale agreement of the transfer of 10 percent share of GAMA Holding to Evren Ünver was signed and the legal application process would be started, Deputy Chairman and CEO of GAMA Holding Hakan Özman pointed out that they were pleased to realize this partnership. Declaring – they would step into a new 60-year period with a new partnership structure, Özman said, “Our partners have paved the way for GAMA, which has always been known for its successful achievements for more than half a century, so that its present partnership culture could grow stronger in the future. With our new partner Evren Ünver, we will continue to create value in our new projects and investments both in our country and international markets”.

Evren Ünver, who has significant experience in the finance and contracting sectors in particular, also stated that he was proud of becoming a partner of GAMA, a very remarkable name in the contracting and energy sectors, and was happy to be part of such an institutional structure. In his declaration, Ünver pointed out that he sincerely believed GAMA, which has always been reputable since the day it was established, would also achieve new successes by growing and strengthening in the future.

Turkey’s first digital power plant powered by GE & GAMA Energy

  • GE and Gama Energy sign agreement to operate Turkey’s first Industrial Internet solution in the energy industry
  • New Digital Solutions Provide Greater predictability, reliability, availability and Improved Plant Performance at Gama Energy’s Kirikkale plant
  • GE’s Expanded Capabilities to Provide Holistic Total Power Plant Services Offering

ISTANBUL- February 08, 2017. GE (NYSE: GE) and Gama Energy (Gama) signed an agreement to operate the first digital power plant in Turkey. This deal marks the first use of industrial cloud software applications in a power plant in Turkey to improve efficiency and productivity. GE will install GAMA’s 840 megawatt İç Anadolu Natural Gas Combined Cycle Power Plant in city of Kırıkkale with its advanced digital solutions, Asset Performance Management (APM) and Operations Optimization (OO) solutions using Predix™, the operating system for the Industrial Internet. Installation of these digital solutions is planned for Q1 2017.Sıtkı Şerifeken, Gama Energy General Manager said “We’re proud to be the first digital power plant adopter in Turkey through our collaboration with GE. GE’s enhanced total plant capabilities, advanced digital competencies and our 15 year history together give us great confidence in these new solutions to help us reduce maintenance costs and increase operational efficiency in the plant furthermore.”

Today’s announcement builds upon last year’s multi-year agreement between GE and Gama to provide planned and unplanned maintenance services under availability and performance guarantees for two GE 9F.05 gas turbines and a GE D11 steam turbine. These services, combined with digital solutions, provide Gama’s plant operators with greater insight to predict and diagnose asset failures with enough lead time to effectively plan maintenance schedules with more reliability, while ensuring high availability and a steady revenue flow from power plant operations. As part of the 15-year agreement, GE is deploying its Fleet360* platform of customized plant solutions to help improve performance and extend maintenance intervals.

“Unplanned outages in power plants correspond to 3-8% of a plant’s capacity” said Murat Demirel, GE’s Power Services Eastern Europe and Turkey General Manager. “GE’s APM solution will bring a significant efficiency boost through early detection of such outages at power plants currently using this solution. We estimate these solutions have the potential to save up to USD 3 million annually through early detection of outages.”

The APM and OO software applications slated for implementation at GAMA’s power plant can provide numerous operational benefits such as improved reliability and availability via enhanced predictivity, accurate performance monitoring and forecasting capability, dispatch optimization via better visibility into plant capability, and lower production costs and asset generation forecasting capability for improved asset dispatch.

Natural gas has the leading position in power generation with its share of 33% in Turkey. Murat Demirel noted these digital solutions can help yield more plant operational efficiencies associated with limited natural gas resources.

$1.3 trillion value from digital transformation of the Electricity Industry

The global power generation industry is preparing for a more efficient future with digital transformation. The World Economic Forum in 2016 estimated the digital transformation of electricity represents a $1.3 trillion opportunity by 2025. Equipping power plants with service platforms and utilizing cloud computing and Industrial Internet facilities there offer significant advantages in terms of efficient power generation and uninterrupted delivery to customers.
GE’s Industrial Internet platform Predix™ supports digital transformation with its solutions in energy as with many others. Predix™ has already established an ecosystem for digitalization with more than 19,000 developers onboard. This ecosystem is expanding continuously with customers’ demands and GE’s collaborations.
GAMA Energy’s İç Anadolu Natural Gas Combined Cycle Power Plant, based in Kırıkkale with a capacity of 840 MW, can alone provide 2.5% of power consumed in Turkey and more than 50% of power consumed in the capital Ankara.
GE has worked with GAMA Holding over the past 15 years on a variety of projects from combined cycle to thermal to renewable power plants focusing both on contracting and investment schemes.

About GE

With more than 300,000 people operating in 175 countries, GE is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge that we call the GE Store. It’s through the GE Store that each business shares and accesses the same technology, markets, structure and intellect. At GE, each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry.

About GE Power

GE Power is a world leader in power generation with deep domain expertise to help customers deliver electricity from a wide spectrum of fuel sources. We are transforming the electricity industry with the digital power plant, the world’s largest and most efficient gas turbine, full balance of plant, upgrade and service solutions as well as our data-leveraging software. Our innovative technologies and digital offerings help make power more affordable, reliable, accessible and sustainable. For more information, follow us on:

http://geturkiyeblog.com

About GAMA Holding

GAMA, founded in 1959, builds power plants, refineries, cement, petro-chemical and gas plants, factories, high-rise buildings, water treatment plants and transmission lines, bridges, and other infrastructural projects along with funding various energy investments. GAMA is a leading international contractor who have successfully completed 400 projects in 25 countries extending from Ireland in the west to Russia’s Sakhalin Island in the east.

About GAMA Energy

GAMA Enerji A.Ş. develops and invests in power and water infrastructure projects in Turkey and the surrounding region with it’s 200 employees and 2.3 billion dollars of net investment. GAMA Enerji A.Ş. owns shares in plants which have total electricity capacity of 1088,80MW (equity capacity of 1050,50 MW), and water conveyance capacity of 100 million m3/year. For more information, visit https://www.gama.com.tr/en/energy.

GAMA Power Systems at POWER-GEN Europe 2016, as Opening and Networking Sponsor, June 21th, 16:00-18:00 | Hall 3, Booth No. 3HA 76 – POWER-GEN Europe 2016, June 21st – 23rd 2016, Fiera Milano, Italy

GAMA Power Systems, a member of GAMA Holding is a leading international EPC Contractor for power plants active in Middle East, Europe, Russia & CIS and Africa.

Our goal is to increase the value we are providing to our stakeholders while adhering to our principles below at all times.

  • Ensuring customer satisfaction,
  • Operating in full compliance with contract requirements as well as relevant laws, regulations and standards,
  • Using resources in the most efficient manner in order to protect and improve the environment,
  • Assuring the health and safety of our employees, customers and third parties,
  • Achieving continual improvement in quality,
  • Preserving and enhancing our human resources, financial power, and accumulated experience.

We kindly invite you to attend the GAMA booth at POWER-GEN Europe 2016 exhibition and conference.

New Shareholder Structure of GAMA Enerji

Negotiations have been finalized and Share Sale Agreement (“SSA”) and Shareholders Agreement (“SHA”) singed with Malaysia’s largest electricity utility group Tenaga Nasional Berhad (“TNB”) for 30% of GAMA Enerji A.Ş’ shares.

After completion of the necessary procedures and permitting process, the new shareholder structure of GAMA Enerji A.Ş will be as follows:

  • 50,5% GAMA Holding A.Ş.
  • 30,0% Tenaga Nasional Bhd
  • 14,5% International Finance Corporation (IFC)
  • 5,0% IFC Global Infrastructure Fund Holding I Coöperatief U.A. (GIF)

GAMA is awarded his 30th Project in Saudi Arabia.

In October 2015, GAMA has signed Khurais Satellite GOSP Project Contract with Snamprogetti Saudi Arabia Ltd., the main contractor of Saudi Aramco. The project which is located on 180 km east of Riyadh and will be established on Italian Saipem technology. GAMA has undertaken all civil construction and electromechanical erection works, to be completed in 24 months.