Turcas Renewable Energy Generation
Turcas Renewable Energy Generation is a Turcas subsidiary founded to develop renewable energy projects. The company has already started preliminary studies with its existing exploration licenses to generate power from geothermal sources in the Denizli and Manisa provinces. Geological and geophysical measurements and studies that aimed to assess the geothermal potential in the village of Hacıeyüplü in Denizli province, which is covered by the exploration license, have been completed. As a result, land suitable for drilling has been identified. The switch to the operation license was accomplished with the drilling work that began in 2015. The company decided to move forward with the investment for the first production well drill and accelerated the permitting processes in 2016. Deep exploration drilling is planned for 2017.
Geological and geophysical measurements and studies that aimed to assess the geothermal potential in the Gölmarmara district of Manisa province, which is covered by the exploration license, continued throughout 2016. The company plans to acquire an operating license in 2017 after gradient drilling.