Geothermal Power Plant Equipment: Turbines, Pumps, Heat Exchangers and Leading Suppliers Geothermal power plants convert heat stored beneath the Earth’s surface into reliable, low-carbon electricity. Unlike solar and wind generation, geothermal plants can operate continuously, making them an important source of baseload renewable power. However, geothermal development is technically demanding because the resource is often hot, corrosive, mineral-rich, and variable in pressure and chemistry. The equipment used in a geothermal power plant must therefore be engineered for durability, high availability, and efficient heat conversion under challenging operating conditions. The central equipment package in a geothermal power plant generally includes turbines or Organic Rankine Cycle expanders, pumps, heat exchangers, separators, condensers, reinjection systems, electrical generators, transformers, switchgear, and control systems. Each component must be selected in relation to the characteris...
Türkiye’s Geothermal Pioneer: Gurmat Elektrik’s Landmark $380 Million Debut Bond Issuance By: Robert Buluma Introduction In a milestone transaction that underscores the growing maturity of Türkiye’s renewable energy financing landscape, Gürmat Elektrik Üretim A.Ş. (Gurmat Elektrik) successfully completed its debut international bond issuance on May 21, 2026, raising $380 million through senior secured amortizing notes due in 2035. The offering, met with overwhelming investor demand exceeding $800 million—more than double the amount initially sought—represents a watershed moment not only for the company but for the Turkish energy sector as a whole. Described as Türkiye’s first “project finance-style” Eurobond transaction in the energy sector, the transaction marks a significant evolution in how Turkish infrastructure and renewable energy companies can access international capital markets. With a nine-year tenor—the longest maturity achieved by a Turkish corporate issu...