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Ormat Continues to Invest in Turkey 14 June 2017

US based geothermal energy company OrmatTechnologies Chief Executive Officer Angel: "This year, we are able to produce completely Turkish-made geothermal turbines in the OrmaTurk factory established in İzmir."

US based geothermal energy company Ormat Technologies Chief Executive Officer Isaac Angel stated that they are the largest supplier in the sector in Turkey and added: "This year, we are able to produce completely Turkish-made geothermal turbines in the OrmaTurk factory established in İzmir.If geothermal energy in Turkey continues to develop as expected, we plan to grow the factory in the coming years."

Answering the questions of the Anadolu Agency (AA) reporters after the 2nd International Geothermal Congress (IGC Turkey 2017), the international communication partner of which is AA, Angel stated that the largest number of geothermal plants they operate is in US and they also operate in many other countries including Kenya, Guatemala, Guadalupe, Indonesia and Ethiopia.
Emphasizing that they provide equipment for geothermal power plants in Turkey, Angel added: "We are building a power plant in Turkey. We are the largest geothermal power plant supplier in the country for the last 10 years. We have established the supply and installation of 52% of the geothermal power plants operating in Turkey."

THE DECISION TO GROW BY BUILDING A FACTORY
Angel mentioned that Ormat Technologies has made a decision to build a factory in İzmir following the rapid development in the field of geothermal energy in Turkey. "We have 25 employees in our affiliate OrmaTurk, all of whom are Turkish, including the executives. This year, we are able to produce completely Turkish-made geothermal turbines in the OrmaTurk factory established in İzmir. We can also get support from the Turkish government since the turbines are made completely in Turkey. In this facility, we have all the necessary equipment to produce a geothermal turbine within Turkey."

Mentioning that OrmaTurk will also contribute to bringing know-how to Turkey, Angel stated: "If geothermal energy in Turkey continues to develop as expected, we plan to grow the factory in the coming years. We aim to build 11 new geothermal energy plants in Turkey in 2017 and 2018. I also believe that this factory will contribute to the employment and social development in the İzmir region."

THE SEARCH FOR NEW INVESTMENT OPPORTUNITIES
Noting that they always seek new investment opportunities in Turkey, Angel stated: 
"Turkey's strongest side in geothermal is having all components necessary to establish a geothermal plant in the country. Moreover, it is of utmost importance that there are legislations to reduce the risk in geothermal projects as well as the support of the government. Because there are obvious risks in these projects. Therefore it is very crucial for the government to do its best to reduce it and I wish for it to continue."

The OrmaTurk plant, which officially opened on May 22nd, has the capacity to produce 20 turbines annually. 
The installed geothermal power capacity of Turkey, which has grown significantly in the sector during the last 7 years, has reached over 850 megawatts as of April 2017 from the 30 megawatts in 2008.

 Source: www.hurriyet.com.tr