News

New Generation Power International announces joint venture

Published

April 28, 2015

Comments

0

Share

Published:

April 28, 2015

Comments:

0

Share

Global independent power producer New Generation Power International (NGPI), headquartered in the United States, announced a joint venture with Yılsan Holding, Mineks International and DCM Energy to develop, own and operate a 100 MW geothermal project in Turkey.

Turkey has previously stated its goal to source 30% of its power needs from renewable energy, including 1 GW of geothermal, by 2023. “NGPI’s goal is to be a leader in global renewable energy generation, and Turkey is one of several countries of importance to us,” said Chirinjeev Kathuria, founder and chairman of NGPI. The project will be built in the northwest region of Turkey, and will be constructed in three phases – the initial 10 MW is to be completed by this year’s end, while an additional 40 MW is intended to be operational by the end of 2016. The remaining 50 MW is planned to be launched by the end of 2017.

Once completed, the geothermal plants aim to generate electricity for at least 20 years. Total project investment is estimated to be around USD 400 million.

Related Articles

Plastic bag free day and Plastic free July – not only consumers' responsibility

Plastic Bag Free Day, Plastic Free July – not all responsibility is on consumers

03 July 2022 - Recent studies revealed that microplastic pollution is taking on new forms and shapes that threaten human health

coal-power-generation-eu

Fossil fuels returned as top energy source in EU power generation in 2021

01 July 2022 - Among renewable sources, the biggest increase in 2021 was seen in electricity produced from solar energy, 13%,

Floating wind farm project unites fishermen, investors in Ireland

01 July 2022 - A joint 2 GW floating wind farm project is the first cooperation in the world between the two opposing sectors.

Voltalia breaks ground Albania biggest solar park Western Balkans Karavasta

Voltalia breaks ground in Albania for biggest solar park in Western Balkans

01 July 2022 - The site for the Karavasta solar park spans 196 hectares in Fier county in Albania's west. The planned capacity is 140 MW.