Hungarian first combined geothermal heat and power plant Turawell in Tura, Pest county is expected to be commissioned in November.
The plant is operated by Singapore-based geothermal developer KS Orka and it will have 7 MW heat and 3 MW electricity capacity. KS Orka plans to build up a portfolio of power plants in Southeastern Europe with a total of 280 MW heating and 100 MW electricity capacity before the end of 2021.
The foundation stone of the geothermal plant was laid in Tura last June. Based on Icelandic technology, the project was given a capital injection by the Hungarian Investment Promotion Agency (HIPA) and subsequently KS Orka purchased a 51 % share from the Hungarian developers.
According to HIPA report, the Turawell geothermal project is a heat and electricity cogeneration plant which uses geothermal fluid gained from wells to produce electricity and to help heating greenhouses and nearby real estate in an environmentally friendly way. At the end of the cycle, the fluid is pressed back into the geothermal reservoir, enabling the production of environmentally friendly heating and electricity.