KS ORKA secures geothermal license in Hungary
KS ORKA has received a geothermal exploration license in Hungary, covering 171 km² in Tura, where it plans up to 100 MW of geothermal power capacity.
KS ORKA Hungary Kft, a subsidiary of Kaishan Co., Ltd. (300257.SZ), has received official confirmation of a geothermal exploration license in the Tura region of Hungary, marking a significant step in expanding the company’s European geothermal portfolio.
The license, issued by the Hungarian Ministry of Energy and Mining Administration, grants exclusive exploration rights over a 171 km² area, with a geothermal depth ranging from 250 to 3,500 meters. Notably, the Turawell geothermal power plant, operational since 2017, is located within this newly designated exploration zone.
Backed by Kaishan Group headquarters, KS ORKA will soon assemble a project team to define drilling targets and design engineering plans. Land acquisition and exploration and production well drilling are expected within the year, with a long-term goal of developing between 50 to 100 MW of geothermal power capacity in the Tura area.
This development reflects Kaishan’s strategic commitment to sustainable energy and strengthens Hungary’s potential as a growing hub for geothermal energy in Central and Eastern Europe.
Source: HK.Investing.com
