Zorlu Enerji plans energy investments of up to $1 bn in Turkey
Pamukkale Hot Springs, Western Turkey (source: flickr/ peggyhr, creative commons)
Alexander Richter
9 Eki 2012
Turkish Zorlu Enerji is planning energy investments of up to $1 billion into the Turkish energy sector, mainly for the development of base-load power projects, among them a 175 MW geothermal power project.
Reported by Reuters last week, Turkish energy company Zorlu Enerji is planning investments into the Turkish energy sector of up to $1 billion in the next two years.
The plan, so the report, is to be financed by issuing stocks for the listed company or sell parts of the company to finance the plan.
As part of the investments the company plans to develop up to 400 MW in power generation projects, among them a 175 MW geothermal power project. The total portfolio is then expected to rise to $3.5 billion.
The company seems particularly interested in base-load power for its planned projects. The Gediz region is of particular interest for the company as it already has power stations in Western Turkey.
Among the company’s projects is the combined heat and power project at Kizildere in the western Turkish province of Dinzli as reported here.
The company is one of many that will present at the upcoming GeoPower Turkey event in Istanbul, October 16-17, 2012.
Source: Reuters
