Washington, D.C., United States [RenewableEnergyWorld.com] POWER Engineers, Inc., an engineering consulting firm based in Hailey, Idaho, is exporting US $4.86 million of procurement, design and engineering services for a geothermal power project in Turkey, backed by a 15-year loan guarantee from the Export-Import Bank of the United States (Ex-Im Bank).
The 45-megawatt project POWER is working on is in Germencik, near Aydin in western Turkey. The project qualifies for Ex-Im Bank’s 15-year financing terms under the Bank’s special initiative to support exports of renewable energy and water projects.
“Turkey is expected to emerge as a major market for renewable energy goods and services since a 2005 Turkish law requires electric utilities to buy at least eight percent of their energy from renewable energy sources,” said Ex-Im Bank vice chair Linda Conlin. “Ex-Im Bank is pleased to support environmentally beneficial exports by POWER Engineers and other U.S. companies seeking to do business in this growing market.”