Turkey:

NGPI Enters Into 100-MW Geothermal Project JV in Turkey (SeeNews Renewables)

(Courtesy CIA.gov)

Chicago-based firm New Generation Power International (NGPI) said Tuesday it will install and operate a 100 MW geothermal power plant in northwestern Turkey together with three local companies.

The independent power producer is forming a joint venture for the project with Yilsan Holding, Mineks International and DCM Energy. The total investment in the geothermal plant is estimated at about USD 400 million (EUR 366m).

The partners aim to complete the first 10 MW of capacity by end-2015. Another 40 MW are planned to be up and running by the end of next year and the final 50 MW are expected to reach completion and start operation before the end of 2017.

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