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Background on ARGeo by UNEP

Tanzania's Vice President at the Opening Session of ARGeo C5 2014, Arusha, Tanzania (source: ThinkGeoEnergy)
Francisco Rojas Francisco Rojas 2 Dec 2014

ARGeo is a GEF funded project that aims at supporting Eastern African countries to fast track the development of huge and untapped geothermal resources for power generation and direct use application.

A recent post on the United Nations Environment Programme Website now provides some extra background on ARGeo.

According to their website, “ARGeo is a GEF funded project that aims at supporting Eastern African countries to fast track the development of huge and untapped geothermal resources for power generation and direct use application. This project targets six countries including Eritrea, Ethiopia, Kenya, Rwanda, Tanzania and Uganda. ARGeo is designed to catalyze investments and encourage public and private developers by identifying the resource and mitigate the risk associated with resource exploration.

The $4.75 million GEF-funded Project provides technical and financial support to enable governments to generate the scientific, technical and economic information for selected geothermal energy prospect areas, and to develop scientifically sound geothermal development project proposals. It also supports regional networking and information sharing; contributes to the development of national policies and legislations as well as institutional and regulatory frameworks; and promotes financial instruments to reduce investment risks and facilitate both public and private investments in geothermal energy development. UNEP ARGeo program created an operational linkage with the AUC-KfW Geothermal Risk Mitigation Facility (GRMF) and AUC Regional Geothermal Programme.”

To read in detail, please follow the link below:

Source: UNEP