Global Investment Holdings commissioned its Mardin/Derik biomass power plant with 12MWe
01 November 2018
Global Investment Holdings commissioned its Mardin/Derik biomass power plant; increasing biomass based installed capacity from 17.2MWe to 29.2MWe. Mardin/Derik power plant will be subject to Renewable Energy Resources Support Mechanism (YEKDEM) starting with 2019, selling electricity at 13.3 dollar-cent/kWh for ten years. Using agricultural residues in power generation, Mardin/Derik plant is expected to meet the electricity requirements of more than 30 thousand households.
After having commissioned its first biomass power plants a year ago, Global Investment Holdings commissioned its third biomass power plant in Mardin/Derik with 12MWe installed capacity as of October 31st, within a record time frame of less than a year, increasing its total biomass based installed capacity to 29.2MWe.
The plant with 12 MWe located in Mardin/Derik, in Turkey’s southeast region, will transform corn and cotton stalks into energy. The plant is one of the largest industrial investments in the region and is expected to bring remarkable economic activity and employment supporting both energy and agriculture sectors. The facility is expected to generate about 80 million kWh of electricity per annum, meeting the electricity requirement of more than 30 thousand households. Mardin/Derik biomass power plant will be subject to Renewable Energy Resources Support Mechanism (YEKDEM), selling electricity at 13.3 dollar-cent/kWh.
By converting residues and waste from agricultural fields, forests, and livestock into energy, Global Investment Holdings aims to reduce our country’s dependence on energy imports by focusing on renewable resources and contribute to the country’s economy, while providing significant regional employment opportunities. These clean and domestic resources, which are collected and converted from the fields in an environmentally conscious manner, are considered as renewable energy.
Global Investment Holdings’ Chairman, Mehmet Kutman, stated that: “Turkey has the potential to install more than 5,000 MW of biomass based power capacity. Biomass based power generation in Turkey is currently a nascent field, with less than 1% share in total electricity generation. With its vast agriculture areas and livestock activities, Turkey has an important potential in this regard. Biomass sector is a field which is quite mature and developed in other international markets. We are one of the very few companies that combine biomass collection activity and power plant operation under one single roof.”
Global Energy and Mining CEO, Atay Arpacıoğulları further underlined that: “We are pleased to announce that we have commissioned our third biomass power plant within a record time frame of less than a year, after displaying an exemplary show of dedication and teamwork. Mardin/Derik plant will be one of the largest industrial investments in the region creating a significant economic activity from an idle material. We believe our investment will not only reduce our dependence on imported resources in energy but also improve the region’s agricultural yields and efficiency by avoiding stalk fires on fields. Our first power plants from biomass resources were commissioned in 2017 with 17.2MWe installed capacity in Aydın/Söke1 (12MWe) and Urfa/Haliliye (5.2MWe) with feed-in tariff at 13.3 dollar-cent/kWh like Mardin/Derik plant. We plan to complete the 12MWe capacity extension of our Aydın/Söke1 plant in the near future expanding Global’s biomass based installed capacity to 41.2MWe and positioning as a market leader in this flourishing sector.