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Turkish company Soyak Energy exploring geothermal investment in Croatia

Turkish company Soyak Energy exploring geothermal investment in Croatia Representatives of Soyak Energy and Legrad at meeting, August 2020 (source: Legrad)
Alexander Richter 1 Sep 2020

Turkish Soyak Energy has sought a geothermal exploration license eyeing investment into geothermal development in Legrad, Croatia.

Earlier this month, representatives of Turkish energy company Soyak Energy visited the Municipality of Legrad in Croatia. The company is considering investment into geothermal development in the country.

On behalf of the company, the meeting was attended by members of the Management Board Taskin Kizilok and Can Soyak and their technical advisor in Croatia from the Hrvoje Pozar Energy Institute Danica Maljkovic. On behalf of the Municipality of Legrad and the Municipality of ?elekovec, the meeting was attended by the Mayor Ivan Sabolic and the Mayor Stefica Sirutka.

Turkish company Soyak is involved in energy investment, residential construction, freight transport and cement production. The company operates 150 MW of hydropower plants and 60 MW of geothermal power plants in Turkey. Since last year, they have opened a company in Croatia and they want to invest in energy projects.

Following a public call by the Croatian Hydrocarbons Agency for a concession for the exploitation of hydrocarbons and geothermal, the company decided to respond to that call. The company applied for the geothermal exploration license in the Legrad-1 field. The municipalities of Legrad and ?elekovec gave the company written and oral support for the project.

Source: Municipality of Legrad