Project Overview

A Turkish multinational group company owns a geothermal concession land in Turkey, covering an area of 7,550 hectares. The group intends to sell the geothermal concession area to Chinese energy companies, with an estimated investment of US$10 million.

The Turkish Company Profile

A multinational group company integrating logistics, ports, sites, warehouses, infrastructure, industry, renewable energy and real estate projects. Its business now covers 18 countries around the world, including the United Kingdom, the Netherlands, Spain, Italy, Germany, UAE, Iraq, Uzbekistan, Turkmenistan, Azerbaijan, Kazakhstan, Tajikistan, etc.

Overview of Turkey's geothermal resources

Turkey has been at the forefront of geothermal energy exploration and development, especially in the western part of the country.

As of 2021, Turkey is ranked #4 in the world, geothermal energy production has reached 1600 MWe (3%of total energy production) from 56 power plants. Turkey is still one of the most attractive country for geothermal energy with a potential estimated to be around 3500MWe.

Several ORC plant suppliers such as Exergy, Ormat, Atlas Copco and Turboden are quite active in Turkey, and 75% of total parts and equipment necessary for power-plants are locally produced.