Zorlu Kizildere Geothermal Plant
Sector: Geothermal • Location: Turkey
Source: World Bank Group
Zorlu Energy acquired from state-owned company Elektrik Uretim the 17.4MW Kizildere geothermal plant in Setpember 2008 in a divestiture. Consequently, Zorlu Energy has increased the capacity of the plant from 17.4MW to 80MW, with an annual output of 575GWh.
Zorlu obtained leasing rights for a period of 30 years.
The expansion reached financial closure in October 2010. Total investment was
- Status
- Prospective
- Sector
- Geothermal, Power Generation (CCGT), Government, Commercial
- Location
- Turkey
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Status
Original status | active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Zorlu Energy acquired from state-owned company Elektrik Uretim the 17.4MW Kizildere geothermal plant in Setpember 2008 in a divestiture. Consequently, Zorlu Energy has increased the capacity of the plant from 17.4MW to 80MW, with an annual output of 575GWh. Zorlu obtained leasing rights for a period of 30 years. The expansion reached financial closure in October 2010. Total investment was US$230 million, financed by Akbank and Garanti bank, with a tenor of 12 years. In June 2013, another $40 million was borrowed from the same banks. The expansion was commissioned in September 2013. Financial adviser to the project was Ernst & Young. Legal adviser to the project was White & Chase. Coordinates: 37°57'00?N 28°50'35?E |
Original sector | Energy |
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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