New business relationship from Park Elektrik subsidiary

Park Elektrik_Konya Ilgın

Park Elektrik signed a new labor relations agreement with its subsidiary Konya Ilgın Elektrik Üretim Sanayi ve Ticaret A.Ş. (Konya Ilgın).

The statement made by the company to the public disclosure platform is as follows;

It was announced that our Company’s subsidiary Konya Ilgın Elektrik Üretim Sanayi ve Ticaret A.Ş. (“Konya Ilgın”) has started to work on upgrading the coal resource classified in the “Possible” category according to the UMREK 2023 code to the “Determined” and/or “Measured” coal resource category in the mining areas in Ilgın district of Konya with license numbers 2444 and 1247.

In this context, a contract has been signed between Konya Ilgın, a subsidiary of our Company, and Avrasya Jeotek Sondaj Mühendislik Madencilik Sanayi ve Ticaret Ltd. Şti. for 6,000 (six thousand) meters (+/- 20%) core drilling work to obtain the data to be used in the reporting to be made according to the UMREK 2023 code for mining sites with license numbers 1247 and 2444. Within the scope of the contract, the works are expected to be completed within 4 months.

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