8/20/2008

Turkey to auction geothermal power sites

Bloomberg - Turkey will soon begin auctions for 65 sites where underground heat can be tapped to generate power or provide warm water for use by the agricultural and tourism industries, Energy Minister Hilmi Guler said. The country will invite bids in late September or early October for six areas in southwestern Turkey, where geothermal power generation could reach a total of 800 million kilowatt/hours a year, Guler told reporters in Ankara. The sales are among efforts to cut Turkey's dependence on foreign energy sources and encourage private-sector investment in the power industry, the minister said. A second wave of auctions will offer sites where hot springs or wells can be used to heat greenhouses, homes or spa hotels, Guler declared.

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