Toshiba, Zorlu Energy Group Finalise Package Deal Agreement

September 22, 2017
Toshiba, Zorlu Energy Group Finalise Package Deal Agreement

By Dipo Olowookere

A package deal agreement (PDA) has been concluded between Toshiba Corporation and Zorlu Energy Group.

Zorlu Energy Group is an independent power producer and member of Turkey’s Zorlu Holdings.

A statement issued by Toshiba explained that the deal is for the supply of steam turbines and generators (STGs) for geothermal power plants that Zorlu Energy Group develops to construct in Turkey.

Under the terms of the PDA, Zorlu Energy Group will investigate steam flow, pressure levels and so on in three locations where Zorlu Energy Group plans to construct plants by October 2020, and if the results of survey meet the agreed terms and conditions, Toshiba to exclusively discuss and negotiate for supply of STGs for all three plants.

The target projects were given as Kizildere IV Geothermal Power Plant (Expected output 40MW); Tekke Hamam Geothermal Power Plant (Expected output 40MW); and Kizildere V Geothermal Power Plant (Expected output 40MW).

Commenting on the contract, Mr Takao Konishi, Vice President of the Thermal & Hydro Power Systems & Services Division in Toshiba’s Energy Systems & Solutions Company said, “Toshiba and Zorlu Energy Group have successfully worked together Unit 1, 2 of the Kizildere III Geothermal Power Plant and Alasehir Geothermal Power Plant and I am certain that the excellent performance and advanced technology of our STG can contribute even more to geothermal power supply in Turkey.”

Energy consumption in Turkey is growing fast, driven by population growth and economic development, and both the government and the private sector are promoting projects to increase capacity. Toshiba concluded a memorandum of understanding (MOU) with Zorlu Energy Group in January 2016, covering construction of geothermal, thermal and hydro power plants.

Toshiba has an unrivalled record in the global geothermal power market. It delivered Japan’s first commercial-use geothermal steam turbine and generator in 1966, and since then has delivered 54 turbines around the world, with a total capacity of 3,519 megawatts.

As the source of approximately 23%* of the world’s installed geothermal capacity, Toshiba is the global top supplier.

Toshiba says it will continue to promote high-efficiency STGs for geothermal plants in Turkey, East Africa, South America and other promising markets, where electricity demand is expected to increase in the future.

Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

Mr Olowookere can be reached via [email protected]

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