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Park Elektrik Üretim Madencilik Sanayi ve Ticaret A.Ş. was incorporated on March 18, 1994 in order to conduct activities in the textile sector. The Company’s shares were offered to public in October 1997. Due to the crisis in the textile sector and adverse conditions arisen in general in Turkey, the subject of activity of the Company was expanded in 2000 so as to enable the Company to operate in the new fields of activity, particularly in the fields of energy and mining.

The Company started to extract and wash coal in the coal zone of Ankara Çayırhan Thermal Power Plant as subcontractor as of July 2000. Accordingly, its commercial title was changed into Park Elektrik Üretim Madencilik Tekstil Sanayi ve Ticaret A.Ş. The Company, ceased its activities in the textile sector in 2002, also discontinued its activities of extracting and washing coal, as a subcontractor in 2006 and started production in the copper mine in Siirt Madenköy in the same year.

In May 2009, Park Elektrik was merged with Ceytaş Madencilik Tekstil Sanayi ve Ticaret A.Ş., one of the group companies, whose shares are quoted on Istanbul Stock Exchange. Accordingly, asphaltite zone, which is owned by Ceytaş in Silopi and the operation license of which belongs to Ceytaş, has been added to the assets of Park Elektrik. The Company still operates copper mine in Siirt and asphaltite mine in Silopi.

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