Friday, June 17, 2016

East Africa: Geothermal Energy is Important for Development of Region

East Africa Donors’ Coordination meeting encouraging Geothermal Investment commences at the African Union Headquarters (News Release)

The East Africa Donors’ Coordination meeting commenced on Monday 13th June 2016. 

As it was the first meeting of its kind ever to hold at the African Union, Commissioner Elham Ibrahim expressed her warm regards to delegates present and to the Geothermal Risk Mitigation Facility (GRMF) team for organizing   a gathering that thrives to encourage public and private investors to develop geothermal prospects for power generation in Eastern Africa. Dr. Elham noted that it is more than ever important to increase the deployment of geothermal projects so as to increase the rate of energy access in Africa especially with the growing population. This she said can be achieved with reliable and competitively priced modern energy such as geothermal.

Ambassador, Gary Quince the Head of the EU delegation said that Geothermal is a course strong potential contribution to renewable energy development in Africa. With the growing population he said that geothermal energy is a unique option as it provides base load alternative with high capacity factor to fossil fuel based electricity generation thus deemed environmentally friendly