ENRO Energie SE
ENRO Energie SE:ENRO Geothermie Entwicklung awarded contract for exploration of potential geothermal energy site for Turkish Karadeniz Energy Group
ENRO Energie SE / Contract Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- ENRO Geothermie Entwicklung GmbH, with its registered office in Ludwigsfelde near Berlin, has recently been awarded a contract for the geological exploration of the potential geothermal energy site Kösk-Umurlu-Serceköy in the Aydin region of Turkey. The client is the Karadeniz Energy Group, an independent Turkish energy company which already runs a number of power stations in Turkey and is a major backer of renewable energies for the future. The contract primarily involves the gathering and evaluation of data and the creation of a geological 3-D model to determine which areas are suitable for the recovery of geothermal energy. A basic cooperation agreement has however also been signed, covering the subsequent phases of the project. The competence network ENOPAN, based in Cologne, which makes energy solutions based on West European expertise available to the Turkish and Eurasian markets by establishing the appropriate contacts, played a major role in the setting up of the contract. Marketing of engineering services as a promising business sector 'We see this contract as the foundation stone in the establishment of an exceedingly promising business sector', says D. Eng. Thomas Neu, executive director of ENRO Energie SE, of which ENRO Geothermie Entwicklung GmbH is a part. 'Especially for countries with a fast-growing demand for energy, geothermics is a promising option for the establishment of an energy supply which is both safe in the long term and has a low environmental impact. At ENRO Geothermie Entwicklung GmbH we provide the necessary engineering expertise for the safe development of this energy source of the future.' Apart from the project for the Karadeniz Energy Group, ENRO Geothermie Entwicklung has received a number of other enquiries, for example from Turkey, Ethiopia, Brazil and Jordan. In Germany, the company is busy with actual projects in Finowfurt and Eberswalde (both in Brandenburg) and in Saarland. ENRO Energie SE: from feasibility study to geothermal power station park ENRO Geothermie Entwicklung GmbH is a part of ENRO Energie SE of Essen, which with its subsidiaries and associates combines comprehensive strategic, technical and operative competence in the field of deep and near-surface geothermics. ENRO Energie SE concentrates on the recovery of petrothermal geothermics, i.e. geothermal energy from deep rock heat. Unlike hydrothermal geothermics, which depends on the presence of hot water deep down below the surface, petrothermal geothermics promises 100% certainty of finding a source at the first attempt. As a recovery process, ENRO Energie SE uses the multi-crack system, which is a hot dry rock process. With the multi-crack system, process elements from oil and gas recovery which have been tried and tested over many decades are combined. Furthermore, with the convoy concept which it has developed - modular power stations - ENRO Energie SE is in a position to realise tailor-made geothermal power station parks for the commercial-scale generation of electricity and heat. ENRO Energie SE is the first German geothermal energy company to be listed on the Frankfurt Stock Exchange. More information on ENRO Energie SE and the ENRO strategy on deep geothermal energy can be found at www.enro-energie.de and www.enro-geothermie.de Contact: executive director D. Eng. Thomas Neu, Huyssenallee 86-88, D - 45128 Essen; phone +49 (0) 201-24536-15, fax + 49 (0) 201-24536-39; investor@enro-energie.de Press contact: Brigitte Eichner - Integrierte Kommunikation - PR/IR für die ENRO Energie SE - phone +49 (0) 6898 935055 - fax +49 (0) 6898 935056; investor@enro-se.de 23.07.2009 Financial News transmitted by DGAP ----------------------------------------------------------------------
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