Turkey’s energy market regulator has granted the preliminary licence for the Kizildere III JES geothermal project to Zorlu Enerji's wholly-owned unit Zorlu Dogal Elektrik Uretimi, Zorlu Enerji said in a bourse filing.
The Turkish electricity market legislation requires power project developers to obtain preliminary licences for a period of up to 24 months during which they have to complete the necessary permit procedures for their projects and apply for a generation licence.
Zorlu Enerji, part of local conglomerate Zorlu, is active in the design, installation, operation of power plants and electricity sales through its subsidiaries. The company also explores, produces and distributes natural gas in Turkey.