7/22/2011

Investments abound in Turkey’s geothermal fields

Zaman - Turkey’s quest to replace fossil fuels with renewables is slowly bearing fruit as efforts to harness power from a newly launched high temperature geothermal field in the Aegean province of Manisa begin. The Kavaklidere Ornekkoy field holds Turkey’s highest temperature geothermal resources, as exploration by the General Directorate of Mineral Research and Exploration (MTA) suggests. With temperatures reaching 287 degrees Celsius, it is also the world’s 4th geothermal field on the temperature scale, capable of producing 100 million kWh of electricity annually and heating some 7,000 homes. The field is expected to cut USD 40 million from Turkey’s costly energy imports.

“Turkey benefits from its geothermal resources in tourism, as well as in power generation,” said Minister of Energy and Natural Resources Taner Yildiz in the launching ceremony for the Kavaklidere geothermal field.

“The latest investments in geothermal fields have attracted three million visitors to thermal facilities. We expect the trend to continuously increase in the future,” said Yildiz about SPA facilities popular for treatment and leisure purposes.

“Turkey’s energy production from geothermal resources currently stands at 95 MW” the Minister went on. “There are ongoing investments in 11 fields for electricity production. By 2023, Turkey intends to have an installed capacity of 600 MW generated from geothermal resources,” he added.
Turkey tendered three geothermal fields for USD 95 million last year, with 29 more on the way.
Turkey; renewable energy; turkey geothermal; turkey geothermal potential; turkey thermal tourism; manisa; kavaklidere; geothermal energy investment