Aydin-Germencik Geothermal Plant
Sector: Geothermal • Location: Aydin, Turkey
Source: World Bank Group
Local developer Gurmat Elektrik Uretim, a company of Guris Group, developed a 47.4-MW geothermal plant at a site near the city of Izmir, in Aydin province. The project, which was to be driven by steam from the Germencik geothermal reservoir, was to be Turkey's first privately owned geothermal power plant. Under Turkey's Renewable Energy Law, the project is guranteed a power sales tariff of €5/kWh
- Status
- Prospective
- Sector
- Geothermal, Water Supply and Storage, Power Generation (CCGT), Government
- Location
- Aydin, Turkey
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency | |
Company |
Status
Original status | Active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Local developer Gurmat Elektrik Uretim, a company of Guris Group, developed a 47.4-MW geothermal plant at a site near the city of Izmir, in Aydin province. The project, which was to be driven by steam from the Germencik geothermal reservoir, was to be Turkey's first privately owned geothermal power plant. Under Turkey's Renewable Energy Law, the project is guranteed a power sales tariff of €5/kWh to €5.5/kWh as well as priority dispatch. In January 2008, WestLB, the mandated lead arranger for the project, announced that it had closed a US$88.5 million senior secured non-recourse debt facility. The deal was oversubscribed with Vakif, Isbank, Akbank, Tekfen and TSKB committing US$132.5 million. The facility has a one year grace period during construction followed by 10 years of straight line amortisation with an average life less than six years. The plant became operational in April 2009. |
Original sector | Energy |
Budget |
Location
Country | Turkey |
State | Aydin |
Source
Source reliability | High |
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Geothermal, Water Supply and Storage, Power Generation (CCGT), Government |
Article published date | 2023-02-20 |
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