Wasabi Energy takes 50% stake in Turkish power project (Stockmarketwire.com)
Wasabi Energy has announced that its wholly owned subsidiary, Imparator Enerji, has finalised an option agreement to acquire a 50% interest in an advanced geothermal project, the Tuzla Geothermal Power Project, in Turkey.
It has concluded the purchase of the option with the final payment of US$2.65m.
Wasabi Energy will develop the project by way of a 50/50 joint venture with the current project operator, Egenda Ege Enerji Uretim, an independent power producer based in Izmir, Turkey.
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