SU-GUCU Electricity Generation Ltd. is one of the Special Purpose Vehicle (‘SPV’) project companies under VIS Hydropower Group, owned by members of the Melik family. Mr. Ferhat Melik is the head of the company. Mr. Melik, based on his previous experience in energy investments during his role as Finance Director at Bayindir Group, a large diversified group of companies with a construction background, acted as the originator and team leader of Brightwell’s investment in power generation from 2006 to 2008.
Starting with the acquisition of licenses for a 52 MW run-off--river hydropower project, he led the partnership discussions with various parties culminating in the investment of Borusan Holding, one of Turkey’s major industry and service groups, as a majority partner with a 70% stake in Brightwell’s energy business.
He served on the Board of Directors of the energy holding company, Maya Enerji, representing Brightwell, and headed the acquisition of projects for the company’s portfolio, identifying, negotiating and concluding the acquisition of hydro and wind projects. The total size of licenses currently held by the business is approximately 800 MW.
Based on Mr. Melik’s experience in the sector, Melik family started investing in Turkish energy sector in 2007.