A New Initiative - Geothermal Power Development in East Africa: The AUC/KfW Geothermal Risk Mitigation Facility (GRMF)
- Key words
- Risk mitigation, exploration grants, drilling grants, GRMF, East Africa, African Rift, African Union Commission, KfW Development Bank
- Conference
- ARGeo
- Year
- 2012
- Session
- Financing Geothermal Projects
- Language
- English
Full text
379KB, opens in a new tab
Abstract
The East African Rift is 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 materialize. A new initiative – Geothermal Risk Mitigation Facility (GRMF) – is now in place to accelerate development by providing costs share grants for exploration and reservoir confirmation drilling.
Copyright 2012, ARGeo. Readers who download papers from this site should honour the copyright of the original authors, and may not copy or distribute the work further without the permission of the original publisher.