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Dewhurst Group selected to lead Latin America Geothermal Development Facility

Momotombo plant in Nicaragua (source: Ormat)
Alexander Richter 12 May 2016

Dewhurst Group from the U.S. has been selected to lead the project management of the Geothermal Development Facility for Latin America, a fund set up by German development bank KfW.

In an announcement today, U.S.-based Dewhurst Group reports having been selected as Lead Geothermal Project Manager for a fund set up by German development bank KfW Fund, the First Multi-Donor Climate Initiative to Promote Geothermal Energy in Latin America.

KfW has now announced the launch of the first multi-donor climate initiative to promote geothermal energy in Latin America. The initiative is known as the Geothermal Development Facility, Latin America (Fund).

This activity includes both straight grants for exploration surface studies as well as contingency grants for exploration drilling. Initially €50M will be provided with follow-on funding anticipated. The Fund will be modelled after the existing risk mitigation fund in East Africa. Q

ualified developers in Chile, Bolivia, Peru, Ecuador, Colombia, Costa Rica, Nicaragua, El Salvador, Honduras and Guatemala can apply for funding. The Fund will also include technical assistance forums for the various stakeholders. IDA Fund Management, LLC will serve as the Fund managers with oversight from KfW. IDA Fund Management, LLC includes Interlink Capital, Inc., Dewhurst Group, LLC, and Ambata Capital Partners.

The Fund expects to be up and fully operational within the next six months.For further information, please contact us at info@dewhurstgroup.us

Source: Company release by email