Investors seeking to channel capital in the geothermal energy segment will have insurance security in the event they drill and find a well has no steam. This initiative will see an investor get up to 80 percent of the drilling costs reimbursed through the Africa Union Commission on Energy and the financier KFW. The move is expected to entice more investors to take up geothermal energy financing which requires a huge capital outlay. NTV's Aby Agina has more. (VIDEO 2:32 Minutes)
Tuesday, November 20, 2012
Kenya:
Investors in Kenyan Geothermal Energy to Get Insurance Security (NTVKenya)
Investors seeking to channel capital in the geothermal energy segment will have insurance security in the event they drill and find a well has no steam. This initiative will see an investor get up to 80 percent of the drilling costs reimbursed through the Africa Union Commission on Energy and the financier KFW. The move is expected to entice more investors to take up geothermal energy financing which requires a huge capital outlay. NTV's Aby Agina has more. (VIDEO 2:32 Minutes)
Investors seeking to channel capital in the geothermal energy segment will have insurance security in the event they drill and find a well has no steam. This initiative will see an investor get up to 80 percent of the drilling costs reimbursed through the Africa Union Commission on Energy and the financier KFW. The move is expected to entice more investors to take up geothermal energy financing which requires a huge capital outlay. NTV's Aby Agina has more. (VIDEO 2:32 Minutes)
