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18-02-16 - Zorlu Energy Group and Toshiba Corp. to develop new generation power plants together

Zorlu Energy Group signed a cooperation agreement with Toshiba Corp. to develop new generation power plant projects in thermic, geothermal and hydroelectric fields. This agreement, which will bring together Zorlu Energy Group’s expertise in all phases from project design to construction and operation with Toshiba Corp.’s competence in engineering and technology, will give a new impulse to Turkey’s target to be a regional energy base.

Bringing together Turkey’s indigenous energy resources with high technology, Zorlu Energy Group signed a cooperation agreement with Toshiba Corp. which stands out with its efficient and low-emission power plant technologies. The agreement will bring together Zorlu Energy Group’s expertise in all phases from project design to construction and operation with Toshiba Corp.’s global experience in providing high technology engineering and products. Taking effect as of January and valid for 1 year, the agreement will inspire realization of clean coal, geothermal and hydroelectric power plant projects at international standards. 


Zorlu Energy General Manager Sinan Ak spoke at the signing ceremony that was held in Toshiba Corp.’s headquarters in Tokyo: 


 “As Zorlu Energy Group, while investing in energy resources, we are working with the vision of reaching the highest efficiency by using the highest technology and we create economic additional value on the basis of respect to human and environment. Based on this approach, we consider the cooperation agreement signed with Toshiba Corp. as a significant milestone for clean, low-emission and high technology power plant projects that we will realize in Turkey.”


Within the framework of the agreement, Zorlu Energy Group and Toshiba Corp. will conduct detailed feasibility studies in potential fields, in particular thermic, geothermal and hydroelectric fields. According to the agreement, parties have the option to sign more comprehensive and longer-term agreements for projects they decide to realize. 


Having spoken at the signing ceremony, Toshiba Corp.’s CEO Yoshihiro Aburatani also expressed his satisfaction with regards to the cooperation and emphasized their confidence in Turkey’s high potential in the field of energy. Toshiba Corp. stands out with its low-emission, high technology power plant projects with its vast experience at global level.


 



About Zorlu Energy Group:


Zorlu Energy Group offers a large variety of services with high additional value including electricity generation and trading, natural gas trading and distribution, "turnkey" construction of power plants including the project design, as well as long term maintenance and operating services for power plants. Having 3 natural gas plants, 7 hydroelectric plants, 3 geothermal plants and 1 wind power plants in its portfolio, Zorlu Energy Group is one of the leading institutions in the sector with its 967 MW of installed capacity in the world including its investments in Pakistan and Israel, 627 MW of which in Turkey. Zorlu Energy Group believes in the possibility of providing environmental and social sustainability while progressing towards its goal of adequate and secure energy and brings its projects into action with this approach.  For more information, visit our website: 
www.zorluenerji.com.tr.









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