Enel Green Power in the Turkey Geothermal Market

1. Enel Green Power in the Turkey Geothermal Market
Ruggero Bertani, Enel Green Power Geothermal Center of Excellence
Project Director of the Geothermal Development in Turkey
GEOPOWER TURKEY
Istanbul – September 21st 2011
A global leader
EGP global footprint – FY 2010
EGP presence
Enel Green Power
Operating 6,102 MW
North America Production 21.8 TWh
Italy and Europe
Operating 788 MW In execution 1.5 GW(1) Operating 3,127 MW
Production 2.6 TWh Pipeline 29.2 GW(2) Production 12.7 TWh
In execution 0.3 GW In execution 0.6 GW
Pipeline 9,1 GW Pipeline 6.2 GW
Installed capacity by technology Production by technology
Iberia and Latin FY 2010
FY 2010
America
2% Operating 2,187 MW 2%
13% 24%
Production 6.5 TWh
42% In execution 0.6 GW 51%
Pipeline 13.7 GW
43% 23%
Total = 6.1 GW Total = 21.8 TWh
Hydro Geothermal Wind Other
Unrivalled footprint in 16 countries
across all main renewable technologies
Note: 1) Including ENEOP
2) Including “new markets” (0,2 MW)
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2. Leveraging on competencies
Hydro Geothermal Wind Solar PV
2.5 GW installed 1.0 GW installed 2.3 GW installed Strong position in the
globally globally globally fast growing Italian
market
• Long lasting • Skills in development, • Large pipeline, split
competencies exploration, among geographies to • Leading retail network
engineering and maximize optionality in Italy (Enel.si)
• Skills ranging from
development to construction, O&M and return on • Competence Centre
operation and • Development of new investment (within R&D Division) in
maintenance projects in Italy, • Flexibility in turbines Italy
• Project pipeline in Italy Turkey, Latin America procurement, taking • Upstream integration
and Latin America and North America advantage of industry into cell/module
shake-up manufacturing (in
(overcapacity, cost progress)
reduction)
Established
Well positioned to take
competencies in Fully integrated Unique position in the
advantage of sector
development and geothermal operator solar PV value chain
shake-up
O&M
Leveraging competencies across all geographies
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2010 Geothermal World: companies
PLANT OWNER ENERGY
MW
8'000
GWh or MW
7'000
6'000
5'000
4'000
3'000
2'000
1'000
0
Comisión Federal de Calpine Enel Green Power Energy Development Chevron
Electricidad Corporation
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3. Enel Green Power Worldwide Geothermal Activities
• 40 plants - 1.0 GW - 5,000 GWh
• 460+ people involved in operation
• Types: dry steam, flash steam and binary cycle
• Operations since 1904
North America
2 plants in operations
in Nevada (binary, 65 MW)
Other binary projects on
going in California,
Nevada, Utah
Europe
Turkey greenfield explorations
Latin America
NICARAGUA
1 greefield project under exploration (flash)
GUATEMALA, PERU’
Scouting for flash resources
EL SALVADOR Italy
Partnership with LaGeo for project in operations 35 plants in
(36% of 200 MW flash) operation
CHILE (steam and flash)
several geothermal exploration and additional
882 MW
permits (flash), more than 100 MW target
Drilling on going (four deep productive wells New steam and flash
completed) in the Apacheta area, plants planned for
in the Chilean Andes 60 MW
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Why Invest in Geothermal in Turkey?
Turkey is a large and growing economy, with macroeconomic indicators
on a positive trend until the current crisis due to its political stability,
demographical age: average 28 yrs and its geopolitical role (as transit
corridor); GDP growth: 6.5% with a population of 73,91 million
Turkish energy sector is widely seen as promising and attractive
investment area:
• Strong fundamentals
• Liberalization process and policies to attract private sector investment
• Ongoing rapid and transparent privatization process: privatizations,
license tenders, strategic partnerships
Turkish electricity market has grown significantly within the last 25 years;
net consumption CAGR: 7.2%
Installed Capacity: 45.050 MW (2009) of which: 63% thermal (lignite/coal:
23%, oil: 4%, Gas: 36%), hydro: 32%, RES: 2% and others: 2%
Government strategy to boost RES developments in order to re-balance
energy mix and achieve EU-Kyoto standards, Government main object is
to increase RES share in total electricity production up to 30% until 2023
But the large potential of Turkey for renewable energy was not
systematically developed until today; the new law for Feed-in-Tariffs, for
long time under discussion, has been approved
Turkey has a very good geothermal resource.
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4. Why Invest in Geothermal in Turkey?
Total geothermal potential of Turkey is estimated around 30,000 MW.
In geothermal, Turkey has a proven 4,000 MW of resources over 20°C
of which 600 MW are high temperature fields able to produce
electricity
Total installed capacity in 2011 is 100 MW
Since 2005 several construction activities have been carried out.
Three new binary units of about 8 MW each has been realized
The old plant of Kizildere, after the privatization, now owned by Zorlu
group, has been refurbished and it is operating at full capacity (15
MW as the generator capacity, while the turbine is 20 MW), and a new
60 MW plant is under construction
A new 47 MW double flash unit has been commissioned in 2009 at
Germencik, by the Gurmis group, with the option of a further 47 MW
as potential expansion. It is one of the biggest plant in Europe,
following only the Italian standard 60 MW units
Several additional areas have been allocated to private companies for
further surface and deep exploration
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TRADITIONAL GEOTHERMAL FIELDS IN TURKEY
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5. ..MUCH MORE IS EXPECTED IN TURKEY
Geo pipelines in Turkey: JV with Meteor
• METEOR, is a group of two
Turkish companies
UZUNLAR GROUP AS – GENERGJI
that has obtained several green
field geothermal leases from
municipalities and prefectures.
• An agreement has been reached
regarding the cooperation with
METEOR (JVA signed January
2011- Company started formally
in June 2011).
• EGP is proceeding in the
geothermal project development
with METEOR:
the technical screening
activities is almost completed
and we expect start a slim
hole drilling campaign in
2012.
The JV with METEOR is an important
opportunity for evaluating a
large number of potentially
suitable areas
in Turkey for the development of
geothermal power plants.
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6. Travertine Terraces at Pamukkale, Turkey
90 MW in a single shot
Nuova Monterotondo 10 MW
Nuova San Martino 40 MW
Carboli 40 MW
Enel Green Power Plants, Italy
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