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Investment incentive certificate for İzmir Demir Çelik subsidiary!

In the notification made by İzmir Demir Çelik Sanayi A.Ş. (IZMDC) to the Public Disclosure Platform on 21 June 2023, an announcement was made about the Subsidiary's Investment Incentive Certificate.

Investment incentive certificate for İzmir Demir Çelik subsidiary!

Izdemir Enerji Elektrik Üretim A.Ş., a subsidiary of Izmir Demir Çelik Sanayi A.Ş., received an investment incentive certificate.

In the statement made to the Public Disclosure Platform (KAP), it was shared with the public that "On behalf of İzdemir Enerji Elektrik Üretim A.Ş., which is a subsidiary of our company with a rate of 85.44 per cent, it was shared with the public that a GES investment with an installed capacity of 24.1 MWe will be made on land with a production volume of 147 MWe in the field of renewable energy production in Manisa. Within the scope of the SPP investment with an installed capacity of 24.1 MWe, our subsidiary obtained an investment incentive certificate dated 21.06.2023 and numbered 555185 from the Ministry of Industry and Technology with a value of 361,115,128 TL and a 3-year term. Within the scope of the investment incentive, tax reduction (70 per cent, YKO 30 per cent), insurance premium employer's share (6 years) and VAT exemption support elements will be utilised.''

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