Muharrem Balat, MB Holding Chairman of the Board, told Anadolu Agency his company shall build the first geothermal plant in Croatia.
The 10 MW facility project is supposedly worth EUR 30 million and due to become operable in 2017.
Balat added geothermal has lately been in Turkish company’s focus, with investment in the home country as well as abroad. Special equipment is necessary for such projects and it takes quite a while for it to be delivered, he said. The machines can be ordered only after water temperature and flow rate are measured, and work on the facility shall commence in March next year, Balat said.