Tuesday, June 14, 2016

Turkey: 95.2 MW Kızıldere III Geothermal Power Plant Project Wins Best Energy Infrastructure Financing Award

Zorlu Energy wins financing award with geothermal power plant project (Hurriyet Daily News)

Zorlu Energy has won the “Best Energy Infrastructure Financing” award from EMEA Finance, a leading finance magazine for Europe, the Middle East and Africa, for the financing of the Kızıldere III Geothermal Power Plant project.

In a June 14 press release, the company stated that the project, which will be the fourth geothermal power plant investment in Turkey, won the contest assessing the financing for the best sustainable energy projects. 

Construction of the Kızıldere III Geothermal Energy Power Plant started in addition to the existing Kızıldere I and Kızıldere II investments, which are also conducted through Zorlu Doğal Elektrik Üretimi Inc., 100 percent affiliated to Zorlu Energy. 

The project will have 95.2 megawatts (MW) of installed power in total upon completion, with an expected investment cost of $320 million.