company news about Turkey's Geothermal Company and Indonesia's SMGP Project Company both get off to a good start

      On December 28th,Turkey Jeotermal Enerji Üretim Limited Şirketi completed the acquisition of the first local geothermal project, which has drilled four production Wells and one recharge well, According to a resource depletion report by a well-known Italian specialist, the project could produce 7MW of net output power, meaning that the replacement cost of the acquired well would not exceed US $1.5 million per MW. Turkey is the largest producer of geothermal energy in Europe, with more than 1GW of geothermal power stations already in operation. Kaishan, located on the Aegean coast, will soon have its first geothermal new energy power station, and the geothermal landscape continues to expand.

      On January 1, 2021, SMGP team of Indonesia also sent a New Year gift: the first generator of SMGP Phase II power station was connected to the grid. The day before, SMGP Indonesia also successfully completed a high-quality recharge well, which was a "good start" for the project company!