Geothermal Energy Development Program (GeoFund): 1st tranche

closed

Closed

The Europe and Central Asia (ECA) - Geothermal Energy Development Program aims to systematically promote the use of geothermal energy in the ECA region by removing barriers to the development of renewable energy. The project components are: 1: The Technical Assistance (TA) component of the GeoFund will address information and capacity barriers that retard the use of RER and geothermal energy. Assistance will be provided for: a) Region-wide and country specific capacity building to improve understanding of the nature of barriers and to find ways to remove them; b) Region-wide and country specific policy reviews concerning energy demand and use and amendments to legislation favorable to geothermal energy; and c) Project preparation and implementation. 2: Direct Investment Funding (DIF) will support project developers through providing low-cost loans, straight grants, or contingent grants where refund of a grant may be required under certain circumstances or the disbursement will be tied to fulfillment of pre-determined milestones. 3: The Geological Risk Insurance (GRI) component will help to mitigate the geological risks associated with geothermal energy exploration and operation.

FY17 - Energy and Extractives,FY17 - Public Administration

World Bank Group

Project

Solar, Biomass, Wind, Geothermal, Commercial, Oil and Gas, Government