Efeler Geothermal Project
Sector: Geothermal • Location: Turkey
Source: World Bank Group
The project entails the development of a 170.7MW capacity geothermal power plant, located near the western town of Germencik, in the Buyuk Menderes Graben in Turkey, by Gurmat Electric Generation ("project company").
The Sponsor is Guris Holding which is owned by Guris Insaat ve Muhendislik, Mogan Enerji Yatirim and Gurenerji Elektrik Uretim. The power plant will feed electricity into Turkey's
- Status
- Prospective
- Sector
- Geothermal, Power Generation (CCGT), Government, Commercial
- Location
- Turkey
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency |
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 a 170.7MW capacity geothermal power plant, located near the western town of Germencik, in the Buyuk Menderes Graben in Turkey, by Gurmat Electric Generation ("project company"). The Sponsor is Guris Holding which is owned by Guris Insaat ve Muhendislik, Mogan Enerji Yatirim and Gurenerji Elektrik Uretim. The power plant will feed electricity into Turkey's growing national grid.The first unit of the power plant was commissioned on 26 August 2015. Information on the PPA, concession or contract award method are not available. The total project cost is USD $720 million to be financed in debt to equity ratio of 76/24. Financing comprises of USD $200 million 15-years EBRD term loan, USD $325 million 15-year Isbank term loan, USD $130 million 15-year TSKB term loan and USD $65 million 15-year term loan. Financial close occurred on 29 June 2015. i) https://ijglobal.com/data/transaction/32616/efeler-geothermal-project-170mw ii) http://www.thinkgeoenergy.com/1-bn-financing-around-the-corner-for-turkish-project/ iii)http://www.ebrd.com/news/2015/ebrd-cofinances-turkeys-largest-geothermal-power-plant-.html iv) Dealogic |
Original sector | Energy |
Procurement method | |
Budget |
Location
Country | Turkey |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Geothermal, Power Generation (CCGT), Government, Commercial |
Article published date | 2024-09-20 |
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