News

GRMF announces new eligible costs for upgrades on accepted geothermal projects

Akiira geothermal project site, Naivasha/ Kenya (source: Akiira One)
Alexander Richter 28 May 2018

Geothermal developers with awarded drilling programs under the GRMF scheme in East Africa, can now include eligible costs for infrastructure upgrades in additional well applications.

Last week, the Oversight Committee of the Geothermal Risk Mitigation Facility (GRMF) announced that developers with awarded drilling programmes of Application Round 1 to 4, and with plans to apply for an additional well under the GRMF, now also can include eligible costs for infrastructure upgrades in the additional well application.

The costs for infrastructure upgrades that are related to the additional well have not been considered as eligible in the previous application forms for the additional well. The updated application forms for the additional well can be downloaded here.

This was decided during the 14th GRMF Oversight Committee on 8 May 2018.

Source: GRMF