EBRD to finance geothermal exploratio­n

Dünya Executive - - OVERVIEW -

The European Bank for Reconstruc­tion and Developmen­t (EBRD) has mobilized a 5 million euro loan from the Clean Technology Fund (CTF) for the early-stage developmen­t of the Prosin-Dikili geothermal power plant near the coastal town of Dikili in the western Izmir province, the EBRD said on Monday The joint $125 million EBRD and CTF initiative aims to provide finance and advice to private developers to help minimize risks in geothermal activities. If the drilling is successful, the EBRD is expected to support the developmen­t of an initial 10 to 20 megawatt geothermal power plant.

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