The Turawell Geothermal project is a combined heat and power (CPH) plant, where the geothermal fluids from the wells will be used for power production and then for heating of green house and properties in the area. The fluid is then injected into the geothermal reservoir which enables a sustainable pollution free heating and power production.
Eirikur Bragason, KS Orka’s CEO, said, “KS Orka aims to be the leading global developer and operator of geothermal projects. KS Orka has prioritized investments in Asia and Europe and is targeting development of 500 MW of power generation capacity over the next five years. The Turawell Project is an important first step in Hungary towards achieving this goal and the first phase 3 MW in planned to be operational within a year.”
KS Orka is a joint venture between Hugar Orka ehf, an Icelandic company and Zhejiang Kaishan Compressor Co., Ltd (Kaishan), which is listed on the China Shenzhen stock exchange.
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