POWER June 2015 - 80

POWER TURKEY
Global Business Reports
www.gbreports.com
Geothermal Power Plant, entered into generation in the 1980s.
Today owned by Zorlu Energy, one of Turkey's largest generators,
which, in the next three years will grow its total energy portfolio
to include 1,600mW of installed capacity, the Kızıldere Geothermal
Power Plant, the largest of the country's two operating geothermal
energy production plants, currently produces 95mW
of energy. Commissioned in 2013, the Gümüşköy
Geothermal Power Plant is Turkey's second geothermal
generation facility and is owned by BM Geothermal
Power, a subsidiary of BM Holding,
and has total installed generation capacity of
13.2mW divided between two units.
Possessing by some estimates as much
as much as 4.5gW of theoretical potential,
geothermal in Turkey, and interest in it, is on
the rise.
Joseph Bonain, sales manager for geothermal
application at Turboden, a pioneer in the
ield of Organic Rankine Cycle (ORC) technology
which enables its user to exploit otherwise unusable
geothermal and steam resources, said: " Recently we have
noticed a sharp increase in interest in the development of larger
scale geothermal projects using ORC technology in Turkey, marked
by the entrance of outside investors from even very well established
energy markets such as the United States. This, I believe, is attributable
to the maturation of the Turkish market for geothermal.
Today we believe that Turkey has strong potential for geothermal
energy: scientiically speaking, thousands of mWs. The ability of
the country to transform this potential into generation, however,
will be checked by both the resources available domestically and
the readiness of the market. For these reasons we expect that
by 2020 we will see 1,500mW of geothermal energy realized,
both from traditional lash processes and ORC cycles.
We expect annualized growth of 200mW. "
Among those to invest in the development
of geothermal energy include Zorlu Energy.
Sinan Ak, general manager of Zorlu Energy,
explained: " In 2012 Zorlu Energy embarked
on a new investment regime. In the last
two years this has resulted in two projects:
a wind project in Pakistan and a geothermal
project in Turkey. Within the next
Sinan Ak, general manager,
Zorlu Energy
two to three years, we would like to expand
production of renewable energy every year by
100-150mW, raising total production capacity to
over 300mW for geothermal, 250mW for wind and
250mW for hydro, and total production for Zorlu Energy,
including both domestic and international sites, to 1600mW, with
over 800mW of renewable capacity in Turkey. "
Should others aside from Zorlu begin to eye these projects, Turkey
could see geothermal energy production play a far greater role in
domestic energy production than previously expected. 
12
Global Business Reports // POWER TURKEY
June 2015

http://www.gbreports.com

POWER June 2015

Table of Contents for the Digital Edition of POWER June 2015

Contents
POWER June 2015 - Cover1
POWER June 2015 - Cover2
POWER June 2015 - Contents
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