News

Turkish investor wins geothermal power plant deal

Published

November 3, 2015

Comments

comments icon

0

Share

Published:

November 3, 2015

Comments:

comments icon

0

Share

MB Holding has been awarded a contract to build a geothermal power plant with a capacity of 16.5 MW in Croatia, according to SeeNews. Turboden, Italian-based manufacturer of turbogenerators, said that in September it signed a deal with the company from Turkey which holds a permit from January to build Croatia’s first power generating facility of the kind. The facility will feature a single-axial multi-stage organic Rankine cycle (ORC) turbine designed by Turboden, the group company of Mitsubishi Heavy Industries (MHI), the statement said.

„We have selected Turboden among the possible suppliers because they will provide 10% higher revenues by means of optimized solution for our project, together with the reliability of the brand,” MB Holding chairman Muharrem Balat said.

The Velika Ciglena plant will be completed and fully functional by the end of 2016, the press release said. In May, the Municipality of Bjelovar in north Croatia where the geothermal field is located said that the first phase of the power station project is worth HRK 30 million (EUR 3.94 million). Turboden has more than 300 plants in 33 countries.

Starwood Orman Ürünleri Sanayi AŞ ordered a cogeneration plant in September from turbogenerator developer and producer Turboden, based in Brescia, Italy.

Related Articles

Bistrica study pumped storage eps

Serbia moves closer to building Bistrica pumped storage hydropower plant

24 April 2026 - The construction of Bistrica will provide 55 GWh of energy storage capacity and enable the integration of 1.5 GW of renewables

serbia region eu energy community mou balkan green energy news lorkowski jovicic

Energy Community Secretariat, Balkan Green Energy News sign MoU to advance clean energy awareness across Balkans

24 April 2026 - The MoU outlines the framework for collaboration, ensuring accurate, timely, and balanced reporting while upholding the media's independence

bih republic of srpska dso elektrokrajina distribution grid loan ebrd

BiH’s DSO Elektrokrajina to invest EUR 30 million in distribution grid

24 April 2026 - The Council of Ministers of BiH has approved an initiative to begin negotiations for a loan aimed at upgrading the distribution grid

Serbia’s TSO EMS inks deal to invest EUR 36 million in substations

24 April 2026 - Works on substations in Bajina Bašta and Obrenovac are part of the third section of the Trans-Balkan Corridor for electricity transmission