There are three river type Hydroelectric Power Plants (HES) within the structure of BND Elektrik Üretim A.Ş. 99 % of whose shares are held and controlled by Işıklar Enerji ve Yapı Holding. These hydroelectric power plants are called Üçgen I, Üçgen II, and Gelincik. The word üçgen means triangle, and the word Gelincik is the Turkish meaning of the flower corn poppy. BND has been founded for the purposes of realization and development of these three projects, and the usage rights for all the three projects belong to BND for a period of 49 years. The remaining time for their usage is 44 years. The power plants called Üçgen II and Gelincik are within the Black Sea region of Turkey which is the rainiest region in Turkey. The Üçgen I Project is within the provincial limits of Osmaniye. The hydroelectric power plant called Üçgen-2 Reg.and HES is in the township of Karadüz of the province of Ordu. And it has been generating electricity under the license number of TabiEÜ/1517-7/1106. It has an installed power of 10.319 MWe and an electricity generating power of 33.815 GWh per year. In the project of “Üçgen-2 Reg. and HES” the substantial completion has been accepted by TEDAŞ, DSİ, and finally by the Ministry of Energy. Thus, Üçgen-2 HES whose construction was started in October, 2011 has stated generating and selling electric power on a commercial basis.

With respect to the Üçgen I Project, the turbine has been ordered and the installation operation has been started. It is planned that the Üçgen I Project will be completed in October 2014. With respect to the third Project of BND which namely is Gelincik the whole legal process has been completed, and the turbines have been ordered. And the construction of the Project will start in accordance with the development in the financing and environmental conditions.