The AUC/KFW Geothermal Risk Mitigation Facility (GRMF)--A Catalyst for East African Geothermal Development
- Key words
- Risk mitigation; exploration grants; drilling grants; GRMF; East Africa; African Rift; African Union Commission; KfW Development Bank
- Location
- East African Rift
- Conference
- Geothermal Resources Council Transactions
- Year
- 2012
- Session
- Financing; Risk management; Organizational profiles
- Language
- English
Abstract
The East African Rift is wildly believed to possess a tremendous potential for geothermal development. However, despite the potential and the need for substantial growth in electrical generation capacity throughout the region, development activities have been slow to materialise. A new program – Geothermal Risk Mitigation Facility – is now in place to accelerate development by providing costs share grants for exploration and reservoir confirmation drilling.
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