In 1994, Turkish Electricity Authority (TEK) was restructured and divided into two separate Public Economic Enterprises; namely TEAŞ (Türkiye Elektrik Üretim İletim A.Ş. – Turkish Electricity Generation and Transmission Corporation) and TEDAŞ (Türkiye Elektrik Dağıtım A.Ş. – Turkish Electricity Distribution Company) with the decision of the Council of Ministers. In line with the decision of the Council of Ministers, TEDAŞ became a legal entity. The very same year, TEK, an institution of TEDAŞ that operated at a provincial scale and provided service to Istanbul city centre, Edirne, Kırklareli, Tekirdağ, Kocaeli, and Sakarya having a capital of 6,800,000,000 TL, continued its operations as BOĞAZİÇİ ELEKTRİK DAĞITIM, a limited institution.
In 1990, the operation right of the Istanbul Anatolian Side within the area of activity of Istanbul Electric Distribution Institution was transferred to AKTAŞ ELEKTRİK TİCARET A.Ş. pursuant to the law on assigned companies (law no. 3096) enacted in 1984.
The Articles of Association of Istanbul Anadolu Yakası Elektrik Dağıtım Anonim Şirketi, an affiliation of Türkiye Elektrik Dağıtım Anonim Şirketi included to the scope and schedule of privatisation in accordance with the decision (dated April 2, 2004 and numbered 2004/22) of Privatisation High Council, was revised as per the article 20/A of Law no. 4046; and the institution continued its operations as AYEDAŞ (Anadolu Yakası Elektrik Dağıtım Anonim Şirketi) as from January 1, 2005.
Chronology
- 1983 - Turkish Electricity Authority (TEK) was established on July 15, 1970 pursuant to the law no. 1312; and began its operations on October 12, 1970. With the law no. 2705 published in the Official Gazette no. 17809 dated September 11, 1982, electricity services rights and debts of villages and connected units were transferred to TEK. With the regulation published in the Official Gazette no. 17968 dated February 23, 1983, TEK that provided service to Istanbul city centre, Edirne, Kırklareli, Tekirdağ, Kocaeli, and Sakarya having a capital of 6,800,000,000 TL, continued its operations as BOĞAZİÇİ ELEKTRİK DAĞITIM MÜESSESESI, a limited institution.
- 1984 - The operation right of the Istanbul Anatolian Side within the area of activity of Istanbul Electric Distribution Institution was transferred to AKTAŞ ELEKTRİK TİCARET A.Ş. in 1990 pursuant to the law on assigned companies (law no. 3096) enacted within the year.
- 2004 - The Articles of Association of Istanbul Anadolu Yakası Elektrik Dağıtım Anonim Şirketi, an affiliation of Türkiye Elektrik Dağıtım Anonim Şirketi (TEDAŞ), included to the scope and schedule of privatisation in accordance with the decision (dated April 2, 2004 and numbered 2004/22) of Privatisation High Council, was revised as per the article 20/A of Law no. 4046; and the institution carries out its distribution operations as AYEDAŞ (Istanbul Anadolu Yakası Elektrik Dağıtım A.Ş.) following the Contract to Transfer the Operation Rights signed on July 24, 2006.
- 2013 - AYEDAŞ Privatisation: On March 15, 2013, Enerjisa was awarded the tender for the acquisition of all shares of AYEDAŞ, which supplied and distributed electricity to the Anatolian Side of Istanbul, with the highest bid of US $1,227 million and the procedure for acquisition of shares was completed in July 31, 2013.
- Legal Separation: After the legal separation of distribution and retail activities, the Contract to Transfer the Operation Rights was revised with additional protocols; and AYEDAŞ and AYESAŞ (Istanbul Anadolu Yakası Elektrik Perakende Satış A.Ş.) were legally separated from each other in June 30, 2013.
- 2014 - A framework agreement was signed by and between Enerjisa and E.ON on April 15, 2014. As part of the agreement, Enerjisa and E.ON agreed to provide management, consultancy, engineering, auditing and other services to each other and their affiliates (including distribution and retail companies of Enerjisa) when requested.
- 2018 - The shares of Enerjisa Enerji A.Ş., which was the largest public offering of Sabancı Holding and the first public offering in Turkey in energy distribution field, were started trading on Borsa Istanbul on February 8 with ENJSA code.
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