Start-end date: 2013

In January 2013 a one-year project was initiated by IFC, Turkey the private sector branch of the World Bank and the IGA. Aims of the cooperation were to raise awareness on geothermal energy among financial institutions, banks, insurances and developers in Turkey. The tasks included: the training of geothermal developers to raise awareness of the geothermal exploration best practice, organization of technical workshops with individual geothermal developers, support of the trainings on geothermal risks and mitigation techniques delivered by IFC to financial institutions, revision of a best practice document on geothermal energy which was produced by a geothermal consulting company in 2011, gain buy-in and endorsements from key stakeholders (including geothermal developers and financial institutions) to ensure validity, applicability, wide dissemination and broad adoption of the Best Practice Guide, support IFC in reviews of developers’ pre-feasibility reports.

On 27 March 2013 IFC together with the IGA 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. The second extended version of the Guide is available for download.

Download from the old website: (Only second edition of the Guide)