SHANGHAI :
China's Kaishan to Build Its First Geothermal Power Plant in Heat Energy Hub Turkey
Tang Shihua
DATE:  Nov 08 2019
/ SOURCE:  yicai
China's Kaishan to Build Its First Geothermal Power Plant in Heat Energy Hub Turkey China's Kaishan to Build Its First Geothermal Power Plant in Heat Energy Hub Turkey

(Yicai Global) Nov. 8 --  Kaishan Compressor, a Chinese air compressor maker, has won its first Turkish contract to construct a geothermal power station in the northwestern city of Canakkale, which should fuel its transformation into a green energy firm.

The Turkish unit of Transmark Renewables, a Dutch geothermal energy firm, has given Kaishan the USD6 million design, engineering, and procurement contract, the Zhejiang province-based firm said in a statement today. The station is expected to be finished next October and Kaishan has already received a 20 percent advance, it added.

Turkey is the largest geothermal energy producer in Europe, as well as the fourth-biggest one in the world. Before this, Kaishan has developed such plants in Indonesia, the US, Hungary, and Kenya.

Kaishan's [SHE: 300257] share price rose by 0.3 percent to CNY10.7 (USD1.50) this afternoon.

Editor: Emmi Laine

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Keywords:   Kaishan Compressor,Transmark Renewables