Efeler Geothermal plant expansion
Sector: Geothermal • Location: Turkey
Source: World Bank Group
The project entails the development of an additional facility of 22.6 MW adjacent to the 170 MW Efeler Geothermal plant in Germencik, Aydin province. Gurmat Electric Generation is the project company implementing the project.
Sponsor of the project is Guris Group via Gurmat Electrik.
Since no PPA is known to be signed with the project company, the electricity from the additional facility is con
- Status
- Prospective
- Sector
- Geothermal, Power Generation (CCGT), Bridge, Government, Manufacturing (Industrial), Commercial
- Location
- 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 | The project entails the development of an additional facility of 22.6 MW adjacent to the 170 MW Efeler Geothermal plant in Germencik, Aydin province. Gurmat Electric Generation is the project company implementing the project. Sponsor of the project is Guris Group via Gurmat Electrik. Since no PPA is known to be signed with the project company, the electricity from the additional facility is considered to be sold to the wholesale energy market in Turkey. This approach is common in Turkey as wholesale market prices are more competitive. Total investment equals $50 million and is being funded by two commercial banks, namely Turkey Is Bank and TSKB each providing $25 million in debt financing. Financial closure occurred on 7 March 2017. https://ijglobal.com/data/transaction/38460/efeler-and-germencik-geothermal-power-plants-bridge-facility Dealogic |
Original sector | Energy |
Budget |
Location
Country | Turkey |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Geothermal, Power Generation (CCGT), Bridge, Government, Manufacturing (Industrial), Commercial |
Article published date | 2024-09-27 |
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