Güriş Holding installed and commissioned its EFE 8 geothermal power plant in only 38 days. The 50 MW unit is the last section of Efeler, Turkey’s largest facility of its kind, with a capacity of 260 MW.
Mogan Enerji Yatırım Holding’s Chief Executive Officer Ali Karaduman said the subsidiary of Güriş Holding broke the world record by installing a 50 MW geothermal power facility in just 38 days. Geothermal power plant EFE 8, located in the district of Germencik in Aydın, is the eighth and final part of the 260 MW Efeler complex, the largest in the country.
The new plant has two dual fluid, binary cycle units of 25 MW each. The complex in western Turkey is run by Gürmat Elektrik, also an affiliate.
Domestic, international banks financed expansion
The Asian Infrastructure Investment Bank (AIIB), European Bank for Reconstruction and Development (EBRD), Black Sea Trade and Development Bank (BSTDB), İşbank, Industrial Development Bank of Turkey (TSKB) and ICBC Turkey financed the construction of EFE 6, EFE 7 and EFE 8 with USD 350 million in loans. The three units have a combined capacity of 97.6 MW.
Efeler is the largest geothermal power plant in Turkey
Güriş, founded in 1958, said the last unit would replace gas imports worth USD 15 million per year and meet electricity needs of 170 thousand households. Estimated output is 400 GWh per year.
Güriş nearing 1 GW in renewable power capacity
The company has been in the renewable energy business since 1993 and it is getting closer to 1 GW in capacity in the segment. It just commissioned the first two turbines in the ULU wind park in Bursa. The facility should grow to 120.4 MW.
Güriş is also active in transportation, industry, water structures and treatment and tourism. It builds and operates hydroelectric and thermal power plants. The conglomerate has a business in Ukraine. It owns the Kitka wind power plant in Kosovo*.
The first unit of Efeler, EFE 2, was put into operation in 2014.