Geothermal Power Development in Turkey Receives Support from USTDA

Published By : 25 Jun 2015 | Published By : QYRESEARCH

The U.S. Trade and Development Agency has awarded a grant to a Turkish joint venture that is primarily owned by the Tucas Energy Holding and BM Holding. The granted funds in a feasibility study were evaluated to have a technical and financial specifications for a project that aims to generate geothermal energy that is designed to supply 13.2 megawatts of clean energy to the national Turkish electrical grid.

This new facility is expected to use modern and efficacious technology to generate electricity via geothermal power, which is a clean and renewable source of energy that has gained importance in the energy portfolio of Turkey. According to the Country Manager representing USTDA, Heather Lanigan, they are very proud to have supported either indirectly or directly a significant amount of Turkey’s more than three hundred megawatt of operational geothermal power. He further stated that this project in Kuyucak will expand on the success and also build upon the U.S. Trade and Development Agency continued efforts to aid in renewable energy deployment in Turkey.

This grant is the U.S. Trade and Development Agency’s third feasibility research that supports the development of geothermal power in Turkey and trails the implementation of two successful the U.S. Trade and Development Agency projects from Gurmat Energy Investment and Zorlu Energy. Furthermore, to facilitate this collaboration the U.S. Trade and Development Agency in 2012 hosted a Turkish delegates on a week lasting reverse trade mission, which familiarized the participants of the meeting with the United States geothermal energy products, experts, and services.

Building on the success of the RTM in the year 2014, the U.S. Trade and Development Agency had organized a well-attended workshop based in Ankara which brought together leading companies and experts from both the United States and Turkey to discuss the innovative technologies, upcoming project opportunities, and best practices.
Back To Top