GEC – Gürmat Geothermal Power Plant Expansion 123.3 MW – Aydin Province - Project Profile
"GEC – Gürmat Geothermal Power Plant Expansion 123.3 MW – Aydin Province - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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GURMAT Electric Generation Co Inc (GEC), a subsidiary of Guris Group of Companies is planning to build a geothermal power plant in Aydin province, Turkey.
The project involves the construction of a 123.3 MW geothermal power plant comprising 47.4 MWe (dual flash) main power plant (EFE 1) and three flash binary plants (EFE 2, 3, and 4), each with a capacity of 25.3MWe on 69.4ha of land. The final capacity of the plant is expected to reach 170 MW.
It will include the construction of a powerhouse, a substation, a transformer station, access roads, fifty-four production and reinjection wells, administrative offices, control rooms and related infrastructure, and the installation of steam generators and turbines, and the laying of transmission lines and pipelines.
In March 2010, GEC held public consultations on the project proposal.
On November 28, 2011, Energy Regulatory Authorities (ERA) granted the operating license for the proposed facility.
On January 20, 2012, GEC has submitted a license application (LA) to Energy Market Regulatory Authority (EPDK).
In 2012, GEC submitted the environmental impact assessment (EIA) report.
On December 13, 2012, EPDK has approved the LA filed by GEC.
In February 2013, GEC has started the land acquisition process and by the end of May 2014, 57ha of land was acquired through amicable agreements.
WS Atkins (India) Pvt Ltd and Çinar Mühendilisk A.S are appointed as environmental study consultants.
POWER Engineers Inc are supplying the EFE 1 dual flash plant (with Mitsubishi generators) and Ormat Technologies Inc. (Ormat) are supplying the EFE 2, 3 and 4 ORC binary plant.
The preliminary concept approvals from the European Bank for Reconstruction and Development (EBRD) were secured.
On September 25, 2014, ERDB awarded a US$200 million senior loan grant to GEC. The remainder of the required funding is expected to come from a mixture of debt financing (IFIs and/or commercial banks) and Sponsors’ equity/shareholder loans.
In June 2015, Türkiye Is Bankasi AS has funded US$325 million, Turkiye Sinai Kalkinma Bankasi A.S. has funded US$130 million and Black Sea Trade and Development Bank has funded US$65 million. Debt/Equity ratio is 72/28. This high leverage ratio was supported through the contribution of an operating asset to the project company (the 47 MW Germencik plant).
In June 2015, the funding has been completed.
The project involves the construction of a 123.3MW geothermal power plant comprising 47.4 MWe (dual flash) main power plant (EFE 1) and three flash binary plants (EFE 2, 3, and 4), each with a capacity of 25.3MWe on 69.4ha of land in Aydin province, Turkey.
The US$1,000 million project includes the following:
1. Construction of a powerhouse
2. Construction of a substation
3. Construction of a transformer station
4. Construction of access roads
5. Construction of fifty-four production and reinjection wells
6. Construction of administrative offices
7. Construction of control rooms
8. Construction of a powerhouse and a substation
9. Installation of steam generators
10. Installation of turbines
11. Laying of transmission lines
12. Construction of related infrastructure
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