Photography
Orhan Vedat BOLAK
Head Of Short-Term Power Trading Of Türkiye
Istanbul
Summary
The greatest motivation for me has been to become a role model in the sector by making strategic decisions in the commercial side of energy. As I progress toward this goal, adopting a detail-oriented, solution-driven, and analytical approach has formed the foundation of my professional career. The valuable experiences I gained at Gama Enerji and Pure Enerji allowed me to acquire in-depth knowledge in both technical and commercial areas. By combining these experiences, my aim is to further develop myself and contribute to the sector by leading and mentoring my colleagues.
Overview
11
11
years of professional experience
14
14
years of post-secondary education
13
13
Certifications
1
1
Language
Work History
Head of Short-Term Power Trading of Türkiye
Pure Energy
03.2023 - Current
- Leading a dynamic team responsible for designing and executing short-term electricity trading strategies in the Day-Ahead and Intraday Markets, with a primary focus on forecast management and commercial decision-making.
- Driving real-time operational and commercial strategies to minimize imbalance costs of power plants under 24/7 monitoring and control.
- Spearheading advanced market analysis and the development of algorithmic (bot) trading strategies to position the company as a profitable and prominent player in the intraday proprietary trading space.
- Conducting physical and financial transactions in the OTC market by closely interpreting and responding to the evolving dynamics of the Turkish energy market, thereby shaping the company’s strategic positioning.
- Actively ensuring data accuracy, operational excellence, and strong cross-functional collaboration across teams to support high-performance execution.
- Developed advanced capabilities in automating complex market analyses through the use of ChatGPT-assisted SQL queries within Excel, enabling the team to rapidly generate insightful indicators for effective asset management.
Energy Trading Supervisor
Gama Energy
10.2016 - 03.2023
- Led a team of 5 people responsible for the design and implementation of trading strategies for a portfolio consisting of an 870 MW Combined Cycle Gas Turbine (CCGT) plant and a 72 MW cascade Hydroelectric Power Plant in the Day-Ahead, Intraday, and Ancillary Services markets.
- Actively traded in all major Turkish power and gas markets including Day-Ahead Market, Intraday Market, Balancing Power Market, Ancillary Services, and the OTSP Spot Natural Gas Market.
- Managed long-term production planning using various optimization tools; contributed to both short-term commercial decision-making and long-term dispatch scenario management.
- Managed the gas contract processes with BOTAŞ for the natural gas power plant in the portfolio.
- Initiated speculative trading activities in the Intraday Market and led the development of algorithmic trading strategies and fundamental analysis models. Coordinated the team to significantly enhance the market presence and revenue potential of the portfolio
Wind Energy Development Engineer
Şule Erkoç Renewable Energy Experts
08.2015 - 04.2016
- Conducted energy analysis for wind farm projects, including two projects under pre-license agreement and five projects under non-license agreement.
- Gained hands-on experience in processing client-related steps of energy analysis projects, conducting site observations, performing IEC control of met masts, and carrying out quality checks of measurement data.
- Additionally, worked on preparing roughness maps, selecting long-term reference data sets, performing the MCP (Market Clearing Price) process based on the long-term reference data, modeling wind regimes using the WAsP program, optimizing turbines with the WindFarmer program, and calculating "Loss & Uncertainty" values.
- As part of the company's services, assisted in the selection of met mast locations to represent the project site, guided clients in configuring their met masts in compliance with IEC and MGM standards, conducted daily quality checks of data obtained from met masts, and prepared monthly reports
Engineering Intern
Polat Energy
02.2015 - 08.2015
- During this work experience, I had the chance to learn about the wind energy data checking process and some of the finer details regarding the siting of masts and sensors.
Compulsory Internship
Zorlu Energy
06.2014 - 06.2014
- I have worked in a cogeneration power plant of Zorlu Energy in Yalova for 20 days. During this time, I learned the some details of gas turbines and engines
Education
MBA -
Bahcesehir University
01.2017 - 01.2022
Energy Systems Engineering - undefined
Bahcesehir Universy
01.2010 - 01.2015
High School - undefined
Besiktas Anatolian High School
01.2006 - 01.2010
Skills
Teamwork and collaboration
Certification
Detam Certificate for Working at High Altitude, 2015
Social Clubs
- Energy Club in Bahcesehir University, Board Member, 2012 - 2014
- ISAWE (International Student Association of Wind Energy), Chairman, 2013 - 2014
- BAU IEEE, Member, 2014 - 2015
- Besiktas Anatolian High School Alumni Association, Board Member, 2014 - 2015
- BAU IEEE Wind Energy Car Project, Team Member, 2015
Military Service
Completed
Interests
Football
Video Games
Cinema
Personal Information
- Date of Birth: 01/05/92
- Driving License: Class B
Software
MS Office
Timeline
Head of Short-Term Power Trading of Türkiye
Pure Energy
03.2023 - Current
MBA -
Bahcesehir University
01.2017 - 01.2022
Energy Trading Supervisor
Gama Energy
10.2016 - 03.2023
Wind Energy Development Engineer
Şule Erkoç Renewable Energy Experts
08.2015 - 04.2016
Engineering Intern
Polat Energy
02.2015 - 08.2015
Compulsory Internship
Zorlu Energy
06.2014 - 06.2014
Energy Systems Engineering - undefined
Bahcesehir Universy
01.2010 - 01.2015
High School - undefined
Besiktas Anatolian High School
01.2006 - 01.2010