USTDA strengthens support for geothermal energy


June 24, 2015





June 24, 2015




United States Trade and Development Agency (USTDA) awarded a grant to Turcas BM Kuyucak Jeotermal Elektrik Üretim AŞ (TBK), a Turkish joint venture owned primarily by BM Holding and Turcas Energy Holding. The grant funds a feasibility study that will evaluate the technical and  financial specifications for a geothermal energy project with a capacity of 13.2 MW, the agency said in a press release.

„We are very proud to have supported, either directly or indirectly, a substantial amount of Turkey’s more than 300 MW of operational geothermal energy,” said Heather Lanigan, USTDA’s country manager. „This project in Kuyucak will expand on that success, and will also build upon USTDA’s continued efforts to support renewable energy deployment in Turkey.”

This grant is USTDA’s third feasibility study supporting geothermal development in Turkey, and follows the implementation of two USTDA-supported projects by Gurmat Energy Investment and Trade Co. and Zorlu Energy Group. To facilitate further collaboration, in 2013, USTDA hosted Turkish delegates on a weeklong reverse trade mission that familiarized participants with U. S. geothermal energy expertise, products and services. Building upon the success of the RTM, in 2014, USTDA organized a workshop in Ankara that brought together experts and companies from both Turkey and the United States to discuss new technologies, best practices and upcoming project opportunities, the agency said.

Related Articles

dusan zivkovic eps general manager elektroprivreda srbije

Dušan Živković appointed as general manager of Elektroprivreda Srbije

15 June 2024 - The Supervisory Board of the joint stock company Elektroprivreda Srbije has appointed Dušan Živković as the general manager

Rezolv secures EUR 191 million loan for Vifor wind farm in Romania

Rezolv secures EUR 291 million loan for Vifor wind farm in Romania

14 June 2024 - The beneficiary of the loans is First Looks Solutions S.R.L., project subsidiary of Rezolv Energy and Low Carbon

eps transformation plan djerdap 1

Serbia’s power utility EPS adopts Transformation Plan

14 June 2024 - By adopting the Transformation Plan, Serbia has met an important structural benchmark within the framework of the arrangement with the IMF

bulgaria NEK pumped storage hydropower batak dospat

Bulgaria’s NEK gets help to prepare construction of two large pumped storage hydropower plants

14 June 2024 - The pair of new renewable energy sources, named Batak and Dospat, will each add generation capacity of approximately 800 MW