Turkish geothermal plant qualifies for US ExIm renewable energy incentives

(finchanel.com, T'bilisi, 5 March 2008) FINANCIAL -- POWER Engineers, Inc., an engineering consulting firm based in Hailey, Idaho, is exporting $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 power plant project in Germencik, near Aydin in western Turkey, qualifies for Ex-Im Bank's 15-year financing terms under OECD approved special initiatives to support exports of renewable energy and water projects.