The Yeniköy and Kemerköy Thermal Power Plants, located in the Milas district of Muğla Province, were commissioned in 1987 and 1995, respectively, to generate electricity using domestic lignite coal. A defining feature of these plants is that they were designed specifically for the type and characteristics of coal found in this region. Yeniköy Kemerköy Electricity Generation and Trade (YK Energy) was acquired on December 23, 2014, by the Limak–IC İçtaş joint venture following one of the largest privatization tenders in the history of the Republic.
The Yeniköy Thermal Power Plant comprises two units, each with a capacity of 210 MW. At the Kemerköy Thermal Power Plant, necessary upgrades were implemented as part of rehabilitation efforts, increasing the installed capacity of all units (Units 1, 2, and 3) from 210 MW to 232.604 MW per unit. Acceptance procedures were conducted before officials of the Ministry of Energy and Natural Resources of the Republic of Türkiye on December 10, 2020, January 25, 2022, and September 13, 2024, respectively. With the completion of these rehabilitation works, the total capacity of the three units at Kemerköy Thermal Power Plant reached 698 MW.
Net electricity production for 2025, amounted to 7,708,249 MWh for the Yeniköy and Kemerköy Thermal Power Plants. The plants supply approximately 2.18% of Türkiye’s electricity demand and contribute approximately USD 500 million annually to reducing the current account deficit.