Monday, December 12, 2016

Turkey: 65 MW Unit 2 of the Kizildere III Geothermal Power Plant Could be Funded by EBRD

EBRD mulls loan for 70-MW geothermal project in Turkey (SeeNews Renewables)

Somewhere Over The Rainbow: Kizildere Power Plant. By Erdinҫ Sentϋrk. GRC Photo Contest.
The European Bank for Reconstruction and Development (EBRD) may provide a senior loan of up to USD 70 million (EUR 66m) for the construction of a 70-MW geothermal power facility in Turkey.

The funds are to be used by Zorlu Dogal Elektrik Uretimi AS for the construction of unit 2 of the Kizildere III geothermal power plant in West Anatolia. The extension will increase the plant's capacity from 100 MW to 165 MW. Kizildere III unit 1 is currently under construction.

The bank said last week that Zorlu Dogal has presented the environmental and social impact assessment (ESIA) package for the project on December 8.

After the ESIA disclosure, there will be a 60-day public review and comment period, with the EBRD board expected to decide on the loan on February 22, 2017.

Read More........