Description
The programme aims to increase investment in geothermal energy in East Africa, contributing to economic development and growth, by addressing market failures which hinder the very early stages of geothermal market development, including: • reducing the risk of exploratory test drilling, leading to increased investor confidence in under exploited East Africa geothermal energy; and, • improving geothermal strategy, policy and regulations that facilitate investment.
Main Objectives
To increase investment in geothermal power in East Africa
Main Activities
Grant finance for exploratory test drilling will be provided through the already established East African Geothermal Risk Mitigation Facility (GRMF) managed by KfW (the German development bank, in cooperation with the African Union Commission (AUC)
Technical Assistance to improve the strategy, policy and regulatory conditions will be procured directly by DFID
Outcomes and Impact
Negotiations involved
Type of Intervention
Type of Technical Assistance
Patnering Entities
Agence de financement
Partenaire technique
Energy Sectors and Subsectors
Electricity
Renewable Energy
Geothermal Energy
SDG Focus
Agenda 2063 Focus
Aspiration 1: Inclusive Growth and Sustainable Development
Sources
https://devtracker.fcdo.gov.uk/projects/GB-1-203153
Contact Person or Organisation
enquiry@dfid.gov.uk
