Maspo

The Group operates in the fields of textiles, construction & real estate development, energy & mining, agriculture and livestock with its professional management team. Maspo was founded in 2010 to develop and operate geothermal power plant projects in Turkey. With favorable market and supporting policies and regulations for renewables dynamics in T... urkey, promising technical capacities of the Project and access to suitable financing structures, the Company is aiming at becoming the leader player in the geothermal electricity generation sector of Turkey. The Company won the tender of the General Directorate of Mineral Research and Exploration ("MTA") for the usage rights of the geothermal field in Manisa - Alasehir, Turkey for 30 years in October 2011. Located in the most active geothermal area in Turkey, the awarded geothermal field covering 126.50 km2 area is also the largest reserved field for such a geothermal project in the country. According to the pre-assessment studies conducted by local and international technical advisors, estimated electricity generation capacity of the field for a sustainable output level is around 140 MW. Maspo has plans to utilize the geothermal capacity of the field by constructing the geothermal power plants in a phase by phase manner to reach electricity production capacity of approximately 140 MW by 2020 . Maspo has conducted geological, geochemistry and geophysical surveys, hydrothermal alteration studies, circular tests, long term interference tests and tracer tests (the first test of this kind in Turkey) for enhancing the assessments for the geothermal potential and the sustainable electricity generation. Promising Technical Capacity of the ProjectRead More