Zorlu Enerji reduces natural gas consumption by $150m with geothermal
One of Turkey's key geothermal players, Zorlu Enerji reports that its geothermal power plants in Turkey have replaced the use of more than 500 million cubic meters of natural gas in Turkey.
In a recent article published in Hürriyet Newspaper in Turkey, shared by our Turkish geothermal news service JeotermalHaberler, it is reported that Zorlu Enerji meets the natural gas demand of $150 million annually with an investment of $1.5 billion for energy production from geothermal sources.
Zorlu Holding CEO Ömer Yüngül stated that they bought the geothermal power plants that produced the first 15 MW electricity produced in K?z?ldere, Denizli, from the state in 2008 for $510 million.
Today, Zorlu Enerji has 3 geothermal power plants and has a capacity of 305 MW in K?z?ldere, and 45 MW geothermal power plant in Ala?ehir, so Yüngül. Zorlu Energji is Turkey’s largest geothermal investors according to Yüngül, “So far, we have invested $1.5 billion into geothermal. With an additional investment of $100 million into additional 35 MW production will reach 340 MW in K?z?ldere in 2020.
Zorlu Energy Investments, General Manager, Operations and Maintenance Ali K?ndap underlines the group’s size in the geothermal market and important role. K?ndap stated that K?z?ldere power plants have replaced 500 million cubic meters of natural gas with an installed capacity of 305 MW.
Source: JeotermalHaberler (ThinkGeoEnergy’s Turkish geothermal news service)