TSKB to provide USD 55 million loan for geothermal power plant in Soke, Türkiye

TSKB to provide investment loan for HEZ Energy geothermal power plant (source: TSKB)

In a post shared on social media, the Turkish Industrial Development Bank (TSKB) announced an investment loan of USD 55 million for HEZ Energy’s planned 24 MW-geothermal power plant in the town Söke in Aydin, Türkiye.

Within the scope of clean energy transformation financing, banks stated that they mainly support renewable energy applications and will provide funding for 100% solar, 94% wind and hydroelectric, 81% biomass, and 75% geothermal energy applications.

JeotermalHaberler had previously reported that HEZ Energy will implement an integrated geothermal project by investing 376 million TL in the Germencik and Soke districts of Aydin. Within the scope of the project, it was planned to search for geothermal resources by drilling 12 deep wells, establish a Geothermal Power Plant (JES) with a capacity of 24 MW, carry out 2 geothermal greenhouse activities, and establish a Solar Power Plant (GES) with a capacity of 999 kW as an auxiliary resource.

The loan provided by TSKB will support the planned geothermal power plant of HEZ Energy. When fully realized, the 24-MW capacity will supply the annual energy needs of more than 64,000 households.

Source: TSKB/LinkedIn via our Turkish language platform JeotermalHaberler