Zorlu Enerji announced that the pre-license cancellation application for Kızıldere 4 Geothermal Power Plant Project planned to be built in Denizli and Aydın provinces has been approved due to the lack of sufficient skiing.
The statement made by the company regarding the pre-license cancellation application accepted by EMRA is as follows:
“Pursuant to our material event disclosure dated 17.02.2022, the application of Zorlu Doğal Elektrik Üretimi AŞ, an indirect wholly-owned subsidiary of Zorlu Enerji, to terminate the pre-license of its Kızıldere 4 Geothermal Power Plant Project, which was planned to be developed in Denizli and Aydın, in accordance with the findings from resource exploration activities which indicated that the geothermal resource in the project site is insufficient, has been accepted by the Energy Market Regulatory Authority and the pre-license was terminated.”