Subsidiaries and Associates

Subsidiaries

Share (%)

Field of Activity

Country

Zorlu Yenilenebilir Enerji AŞ

100

Power plant construction & operation and other

Turkey

Zorlu Elektrik Enerjisi İthalat İhracat ve Toptan Ticaret AŞ

100

Electricity Trade

Turkey

Zorlu Osmangazi Enerji Sanayi ve Ticaret AŞ

100

Electricity Distribution & Retail Sales

Turkey

ZES Solar Enerji Tedarik ve Ticaret AŞ

100

Electricity Generation & Sales, Sale of Solar Photovoltaic Panels

Turkey

Zorlu Enerji Dağıtım AŞ

100

Natural Gas Distribution

Turkey

Nemrut Jeotermal Electricity Generation AŞ

75

Electricity Generation

Turkey

Zorlu Enerji Pakistan Ltd.

100

Electricity Generation

Pakistan

Zorlu Wind Pakistan (Private) Ltd.

99.7

Electricity Generation

Pakistan

ZJ Strong Energy for Renewable Energy Ltd. Co.

75

Electricity Generation

Palestine

Eway Araç Kiralama Ticaret AŞ

100

Car rental and supply of related software and equipment

Turkey

Alkan Jeotermal Enerji Elektrik Üretimi AŞ

100

Electricity Generation

Turkey