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Tuesday, 05 June 2012

Geothermal Risk Mitigation Facility

Supported by a fund of € 50 million provided by the German government and the European Union, the establishment and operation of the Geothermal Risk Mitigation Facility (GRMF) for Eastern Africa will be led by the Pöyry's Energy business group, which has won a consulting contract. The four-year contract by the African Union Commission (AUC) in cooperation with the KfW Development Bank is worth €3.5 million. 
According to New Europe, GRMF identifies and develops geothermal resources for power production in Ethiopia, Kenya, Rwanda, Tanzania and Uganda. These projects will be supported by Poyry's experience in the procurement and tendering processes and knowledge of geothermal resources.

Source: New Europe

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