Wednesday, December 23, 2015

East Africa: Seven Geothermal Energy Projects Get Funded

Geothermal Risk Mitigation Facility Announces USD 36 Million in Funding

The Geothermal Risk Mitigation Facility (GRMF) for East Africa has announced the results of the 3rd Application Round (AR) for funding.

Of the 18 projects represented in the pre-bidding workshop, 14 applications were submitted for GRMF financial support. These 14 applications (7 Surface Studies and 7 Drilling Programs) were submitted by ten (10) entities (6 public and 4 private) from seven - out of the eleven - GRMF countries (Comoros, Djibouti, Ethiopia, Kenya, Tanzania, Uganda and Rwanda).

GRMF announces that 7 projects qualified for grant award in the GRMF 3rd AR (2 Surface Studies and 5 Drilling Programs):
  • Cluff Geothermal Ltd, Ethiopia - Fantale Drilling Programme
  • L’Office Djiboutien de développement de l'Energie Géothermique ODDEG, Djibouti - Arta Surface Study
  • Geothermal Development Company Ltd (GDC), Kenya - Paka Drilling Programme
  • GDC, Kenya - Korosi Drilling Programme 
  • Cluff Geothermal Ltd, Ethiopia - Butajira Surface Study
  • Bureau Géologique des Comores, Government of Comoros, Union of Comoros - Karthala Drilling Programme
  • Energy Development Corporation Ltd, Rwanda - Kinigi Drilling Programme
The cumulative GRMF financial support – including potential continuation premium, for all qualified applications of the 3rd AR amounts to approximately USD 36.7 million.