GEORISK – Int’l Seminar – the right risk migitigation scheme, Izmir – 6 November 2019

GEORISK workshop - website screenshot
Alexander Richter 23 Oct 2019

The GEORISK project will be holding an International Seminar on "The Right Risk Mitigation Scheme for My Market" on 6 November 2019 in conjunction with the IGC Turkey Geothermal Congress & Expo in Izmir, Turkey 6-8 November 2019.

In collaboration with IGC Turkey – International Geothermal Congress & Exhibition 6-8 November 2019, the GEORISK project will be holding an International Seminar on “The Right Risk Mitigation Scheme for My Market” on 6 November 2019 – 14:00 to 18:00 + Dinner

Geothermal project development has several risky components, the most important one being the resource risk Beyond exploration, the bankability of a geothermal project is threatened by this geological risk.

GEORISK project works to establish risk insurance all over Europe and in some key target third countries to cover the resource risk. It appears clear that a de-risking scheme must be designed according to the market maturity of the sector.

This workshop aims at presenting first results of the GEORISK project. The workshop aims to create a discussion between the project partners, the members of the Advisory committee and the other participants to the workshop.


Draft Agenda

14:00 – 14:15: Introduction

Presentation of the GEORISK Project: Philippe Dumas, EGEC

14:15 – 15:15 – Session 1: Understanding geothermal de-risking

Moderator: Philippe Dumas, EGEC

  • Presentation of the GEORISK Risk Register and Risk Assessment Tool: Ferid Seyidov, GEC-Co
  • The right scheme for the right market: conditions for schemes according to market maturity: Horst Kreuter, Geothermal engineering gmbh tbc
  • Feedback – Markus Ruff, Gec-CO – Technical trends in the market, notably the German case

Discussion with participants

15:15 – 16:15 Session 2: Geothermal risk mitigation schemes in Turkey

Moderated by Cagri YILDIRIM, TUBITAK

The Turkish example: Ender DINCER, TKB

Roundtable discussion: Feedbacks from GEORISK advisory committee members:

  • Bengisu Kilic Gokberk, EBRD
  • Kadir Sancar, TSKB
  • tbc, World Bank

Environmental Risks in Turkey, results from GEOENVI: Cannur Bozkurt (JESDER)

Discussion with participants

16:15 – 16:45 – Coffee Break

16:45 – 17:45 – Session 3: Global geothermal market and GEORISK activities outside Europe

Moderator: Thomas Garabetian, EGEC

Deep geothermal market & opportunity analysis by Geo-Energy Europe Project: Stephen

Establishing a geothermal risk mitigation scheme in third countries:

  • Market conditions to de-risk project: Virginie Schmidlé-Bloch, AFPG/GEODEEP
  • Capacity building activities: Philippe Dumas, EGEC

Discussion with participants

17:45 – 18:00: Conclusion


*The agenda is a draft, all the speakers are tbc

Location: KAYA ?ZM?R GEOTHERMAL HOTEL – Il?ca Mah. Zeytin Sok. No:112 Narl?dere – ?zmir, Turkey