IFC-IGA Launch Event Best Practice Guide on 27 March 2013 in Istanbul, Turkey

On 27 March 2013 IFC (International Finance Corporation), a member of the Word Bank Group, together with the International Geothermal Association launched GEOTHERMAL EXPLORATION BEST PRACTICES: A GUIDE TO RESOURCE DATA COLLECTION, ANALYSIS, AND PRESENTATION FOR GEOTHERMAL PROJECTS in Istanbul, Turkey. The Guide outlines procedures and exploration techniques for geothermal projects and provides guidelines for presenting a geothermal project to funding entities and insurance companies. A focus is placed on high temperature geothermal resources for electricity generation.

Over 70 participants attended the Launch Event. A technical session and a financial session explained the contents of the Guide and details on project financing and standardized exploration techniques. The first version of the Guide from March 2013 is available for download by following this link: Download (pdf, 3.9 MB). An extensive review led to further improvements of the Guide and a 2nd revision is now available for download: Download 2nd Edition (pdf, 5.6 MB)

The Launch Event and Geothermal Best Practice Guide production and revision were generously funded by the Global Environmental Facility (GEF) through the Geofund project. IFC and the IGA Service Company are jointly aiming at promoting geothermal energy development in Turkey and assisting developers  in initiating geothermal projects. Project focus is also to  attract potential investors, furthermore by mitigating the associated risks with the help of insurance companies. Subsequent activities after the launch event include workshops for individual developers and financial institutions in Turkey.

About IFC

IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments. In FY12, our investments reached an all-time high of more than $20 billion, leveraging the power of the private sector to create jobs, spark innovation, and tackle the world’s most pressing development challenges. For more information, visit www.ifc.org.

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IFC-IGA Launch Event Best Practice Guide on 27 March 2013 in Istanbul, Turkey