Nov 20 | 2019
Zhejiang Kaishan Compressor to Build New Plant
Chinese project specialist Zhejiang Kaishan Compressor has signed a contract with energy developer Transmark for the construction of a geothermal power plant in Turkey.
The proposed plant will be based in Canakkale in the Marmara region of northwestern Turkey and the contract covers all engineering, procurement and construction work for the plant.
“According to the EPC contract, the company will provide Transmark with an installed power of 3.2 megawatts,” a spokesperson for Zhejiang Kaishan said in a statement.
Open Mountain Energy
Work on the project will be carried out by Zhejiang subsidiary Open Mountain Energy and will include provision of an Organic Rankine Cycle system.
“The ORC module power generation equipment, the net power generation capacity of the equipment must reach a guaranteed net capacity of 2.059 megawatts, the minimum net capacity,” Open Mountain said.
Registered in the Netherlands, Transmark is a global provider of renewable infrastructure. The deal, valued at US$603 million, marks one of a raft of new geothermal and renewable projects in the country
Turkish Demand Growing
Rapid demand growth in the Turkish energy sector has spurred recent investment, with the rate of new electricity capacity increasing from 1.5 gigawatts per year in 2002 to more than 3.4 gigawatts in 2019, according to Zhejiang Kaishan. The group adds that this trend is set to continue, with new capacity projected to be added at a rate of “6 gigawatts per annum by 2023 and seven gigawatts by 2050.”
“Turkey is ranked as the fourth-largest geothermal energy producer in the world and the largest geothermal energy producer in Europe,” Zhejiang Kaishan states,
Headquartered in Quzhou, in China’s western Zhejiang province, Zhejiang Kaishan provides a range of mechanical and industrial engineering services worldwide. According to estimates from the firm, geothermal capacity in Turkey increased over 40-fold between 2008 and 2018.
The proposed plant will be based in Canakkale in the Marmara region of northwestern Turkey and the contract covers all engineering, procurement and construction work for the plant.
“According to the EPC contract, the company will provide Transmark with an installed power of 3.2 megawatts,” a spokesperson for Zhejiang Kaishan said in a statement.
Open Mountain Energy
Work on the project will be carried out by Zhejiang subsidiary Open Mountain Energy and will include provision of an Organic Rankine Cycle system.
“The ORC module power generation equipment, the net power generation capacity of the equipment must reach a guaranteed net capacity of 2.059 megawatts, the minimum net capacity,” Open Mountain said.
Registered in the Netherlands, Transmark is a global provider of renewable infrastructure. The deal, valued at US$603 million, marks one of a raft of new geothermal and renewable projects in the country
Turkish Demand Growing
Rapid demand growth in the Turkish energy sector has spurred recent investment, with the rate of new electricity capacity increasing from 1.5 gigawatts per year in 2002 to more than 3.4 gigawatts in 2019, according to Zhejiang Kaishan. The group adds that this trend is set to continue, with new capacity projected to be added at a rate of “6 gigawatts per annum by 2023 and seven gigawatts by 2050.”
“Turkey is ranked as the fourth-largest geothermal energy producer in the world and the largest geothermal energy producer in Europe,” Zhejiang Kaishan states,
Headquartered in Quzhou, in China’s western Zhejiang province, Zhejiang Kaishan provides a range of mechanical and industrial engineering services worldwide. According to estimates from the firm, geothermal capacity in Turkey increased over 40-fold between 2008 and 2018.
