Iceland’s Minister of Industry Össur Skarphédinsson met with Turkey’s Minister of Energy and Natural Resources Mehmet Hilmi Güler in Iceland yesterday to discuss cooperation on energy between the two countries.
Two Icelandic companies, Iceland’s national energy company Landsvirkjun and Rarik Energy Development, are preparing to participate in geothermal and hydroelectric energy projects in Turkey in cooperation with local companies, ruv.is reports.
Experts believe about 2,000 megawatts of geothermal energy can be used for electricity production in Turkey, which has only harnessed about 30 megawatts until now.
Turkey is also rich in low-temperature geothermal areas which can be used for heating houses and would be convenient considering rising energy prices around the world.
Experts also believe it is possible to harness about 30,000 megawatts of hydroelectric power in Turkey in addition to the 15,000 to 20,000 megawatts that Turkey harnesses already.
While Güler is in Iceland, he will visit local energy companies like Rarik, Landsvirkjun, Sudurnes Energy (HS) and Reykjavík Energy (OR).