Guam limak energy

What is Limak Energy?

Limak Energy is one of the leading companies in the electricity distribution sector with 16.5 billion kWh electricity distributed to 3.5 million subscribers. It operates through Uludağ Electricity Distribution in Turkey and Kosovo Electricity Distribution Companies abroad.

What does Limak Holding do?

Limak Holding A.S. is a Turkish conglomerate, with major interests in construction, energy, cement, and tourism. Its assets include the Limak Cement and Limak Energy companies and the Limak Tourism Group. In 2022, it had around $2.5 billion revenue from construction.

How much power does Limak generate?

While the generation of power in parallel with the shares of Limak was equal to 1.3 billion kWh in 2013, it increased up to 1.9 billion kWh in 2014, 2.4 billion kWh in 2015, 5 billion kWh in 2016, 6.5 billion kWh in 2017, 9.15 billion kWh in 2018 and 12.4 kWh in 2019.

How much money did Limak make in 2022?

In 2022, it had around $2.5 billion revenue from construction. Limak was launched in 1976 by Sezai Bacaksız and Nihat Özdemir, with Özdemir focussing on cement and energy while Bacaksız focussed on airports and tourism.

How is energy consumed in Guam?

In Guam, the consumption of energy is heavily influenced by its remote location. Almost all energy is reliant on imports of petroleum products for use in transport and electricity. Guam does not have any domestic production of conventional fuels such as oil, natural gas, or coal.

How much power does Guam generate?

Guam has a rated generating capacity of 560 MW, more than twice its historical highest load. This power is supplied by several plants burning residual fuel oil operated for the Guam Power Authority by independent power providers. In 2015, electricity in Guam cost 2.5 times as much as on the U.S. mainland.