Alstom plans investment in geothermal developer in Turkey
Alstom is in negotiations on the acquisition of a 30 percent stake in geothermal developer Deltom Jeotermal in Turkey. Under the agreement both companies would partner on the development of geothermal power projects in the country.
As reported today, French energy group Alstom has signed an early stage agreement for the acquisition of a 30 percent stake in Turkish geothermal developer Deltom Jeotermal.
The company is a subsidiary of Delta Yatirim/ Delta Group. Under the agreement both partners would team up for the development of geothermal power projects.
Alstom has a strong foothold in Turkey having supplied a lot of the country’s coal-fired and hydro power plants. Alstom has around 1,200 employees and produces grid power transformers in Turkey. Its transportation unit is also active on railway and subway projects and maintains its Middle East and African headquarter in Istanbul.