Armenia:

GEOFUND Funded Project in Armenia to Decide on Exploratory Drilling (Think Geoenergy)

In a report on the status of implementation and results, the World Bank has released an update on a Geofund 2 funded project in Armenia.

The funding for the project was approved in 2009 under an adaptable program loan. The project is aimed to “remove barriers to development of geothermal energy in Armenia”, and “to assess the feasibility of exploratory drilling of the geothermal site with the estimated highest geothermal potential”.

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