Geothermal Funding Group Pre-qualifies $65M for East Africa Projects

The Geothermal Risk Mitigation Facility (GRMF) for East Africa recently said it has pre-qualified developers for $65 million in funding of 14 geothermal projects in Kenya, Ethiopia, Djibouti, Uganda, Tanzania, Rwanda and Comoros.

Of the 14 projects, seven are surface studies and seven are drilling programs. Five of the projects are located in Kenya, which currently has the largest share of installed geothermal capacity in Africa at 579 MW, according to the report Africa 2030: Roadmap for a Renewable Energy Future. The report, which was released by the International Renewable Energy Agency on Oct. 5., said that Africa currently has a total of 606 MW of installed capacity, and the total potential geothermal capacity in Africa is estimated to be 15 GW. The country’s geothermal potential is primarily located in East Africa along the Rift Valley.

The GRMF is a cooperative funding program for East Africa that was formed by the African Union Commission (AUC), the German Federal Ministry for Economic Cooperation and Development, and the EU-Africa Infrastructure Trust Fund. Total funding for the program currently is 115 million euros ($125.9 million).

In early October, the AUC and the government of New Zealand signed an agreement on geothermal drilling regulation for deep wells in East Africa.

According to an Oct. 9 AUC statement, the agreement will support the development by the AUC of a geothermal drilling code based on New Zealand standards for use by African Union member states.

“The new African Union Commission Code of Practice will help to ensure increased professionalism and safety for deep geothermal well drilling starting with the Eastern African countries and will help countries make the most of their vast geothermal potential,” AUC Commissioner Elham Ibrahim said in the statement.

Lead image: Amboseli, Kenya. Credit: Shutterstock.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs