Kovanlık Regulator and Hydro Power Plant has been developed by Kovanlık Enerji Üretim San.ve Tic. A.Ş.. The project aim is to contribute to reducing national energy deficit and development of local industries as it allows the use of cheaper energy for industrialists and gain advantage in a competitive environment.

The purpose of the project is to generate clean energy by using the hydro power and providing the energy to the Turkish national grid. By implementing the project, investors also aim to reduce dependency to the fossil fuels thereby reducing the sources of environmental pollution. In this scope, Kovanlık Enerji Üretim San.ve Tic. A.Ş. planned to establish a channel type hydropower plant in Bulancak district of Giresun province with the purpose of contributing to the national economy the meeting the increased electricity demand. The project boundary is considered as the National Electricity Grid of Türkiye according to applied tool. The baseline scenario refers to the energy generation from the fossil fuels.
The project consists of 3 units each having 19.461 MWm / 19.07167 MWe. The total installed capacity is 58.383 MWm / 57.215 MWe. Annual electricity production is expected to be 154.13 GWh. The project is licenced on 26/07/2018. As per the license issued by Energy Market Regulatory Authority (EMRA) all legal rights of the project is given to Kovanlık Enerji Üretim San.ve Tic. A.Ş for 49 years.