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World Bank Roundtable on Global Geothermal Development Plan, April 25-26, 2016

Harpa Conference Center, Reykjavik/ Iceland (source: flickr/ Parallax Abstraction, creative commons)
Alexander Richter 7 Apr 2016

The World Bank will be holding its 3rd Global Geothermal Development Plan Roundtable, April 25-26, 2016 in Reykjavik, Iceland in conjunction with the Iceland Geothermal Conference.

In conjunction with the upcoming Iceland Geothermal Conference in Reykjavik, Iceland April 26-28, 2016, the World Bank will be holding a roundtable on its Global Geothermal Development Plan. 

The roundtable will be held April 25-26, 2016 in the Harpa Conference Center in Reykjavik.

The 3rd ESMAP Global Geothermal Development Plan Roundtable is organized by the World Bank’s Energy Sector Management Assistance Program (ESMAP) in partnership with the Iceland Ministry of Foreign Affairs.

A lot has happened since the launch of the Global Geothermal Development in Reykjavik in March 2013.

Donors have responded positively to the global acknowledge of the importance of public funding in geothermal exploration, especially exploration and confirmation drilling. Specifically, US$235 million have been raised from the Clean Technology Fund for funding geothermal exploratory investments. These funds are expected to leverage about US$1.5 billion of public and private capital. In addition, the share of multilateral financing to geothermal projects focusing on the early project development stages has increased from 6 percent to 17 percent in just three years, from 2012 to 2015.

Furthermore, 11 countries have benefited from technical assistance deployed by ESMAP. Currently, ESMAP is supporting identification, preparation, and supervision of several geothermal investment operations, including in Djibouti, Nicaragua, Dominica, Armenia, Turkey, and Indonesia.

ESMAP has also built strong partnerships with key bilateral institutions, such as KFW, ICEIDA. Knowledge dissemination and capacity building have also taken central stage thanks to two GGDP Roundtables (The Hague, November 2013; Copenhagen, October 2014) and to the partnership with the International Geothermal Association (IGA) to develop of Global Standards for Classification of Geothermal Resources.

The 3rd GGDP Roundtable will provide a platform for donors, multilateral financing institutions, government officials, industry experts, and practitioners to take stock of progress and exchange knowledge on different aspects of geothermal projects: from the role of governments to specific technical industry issues.

Day 1 has been organized around three panels to discuss how governments have explored different ways to help mobilize public and private capital towards geothermal exploration and development. Day 2 consists of three technical sessions where industry experts will present and respond to participants’ requests for information on practical issues.

The 3rd GGDP Roundtable takes place right before the Iceland Geothermal Conference (IGC 2016), scheduled for April 26-29, 2016 providing even more opportunities for participants to interact with international geothermal developers and equipment and service providers.

 Source: ESMAP announcement via email