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Tuesday, 22 October 2013

World Geothermal Energy Summit 2013

Advertiser's Blog

When: 5th to 6th of December 2013

Where: Kenya & Olkaria Geothermal Field, Kenya - Nairobi

Connecting Technology, Financing and Regulation towards a Sustainable East African Geothermal Energy Portfolio.

According to the African Union Commission (AUC), the Geothermal Risk Mitigation Fund, launched last month in Kenya, Uganda, Tanzania, Rwanda and Ethiopia and administered by German insurance company, KfW, will provide more than Sh5 billion (50 million euros) to compensate companies or government bodies that are unsuccessful in undertaking exploration drilling of geothermal prospects.

This fund entails that organisations which take insurance cover with KfW get back 80 per cent of the money invested in the exploratory activities if it drills a well with capacity to produce less than 5MW. Kenya expects to benefit significantly as it is estimated to hold more than two thirds of the geothermal potential in the region, estimated to be over 10,000MW. This is why, the 4th World Geothermal Energy Summit 2013 will be held in Nairobi, Kenya on 5-6th December 2013.

The 4th annual WGES will discuss the opportunities to ensure your return on capital (ROC) in this ebullient emerging market as you solidify your East African geothermal energy business, including:

• Contract formats and indicative power costs under Joint Venture and Energy Conversion Agreements.
• Geothermal risk mitigation.
• Land acquisition and management and
• Human resettlement strategy and execution.

For more details on how to register and attend: