Accelerated geothermal electricity development
From NAMA Database
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Description
| Overview | |
|---|---|
| Sector | Energy |
| Focus area | Renewable energy (geothermal) |
| Type of action | Not known |
| Scope | Not known |
| Stage | Under development |
| Submitted to UNFCCC registry | Yes |
| Start of initiative | 2013 |
| Financing and support details | |
|---|---|
| Financing status | Seeking financing |
| Total cost | US$ 4250 mln |
| Financing requested | US$ 288 mln |
| Financing received to-date | (no data)
|
| Principal source of financing | Not known |
| Principal type of financing | Not known |
| Capacity building required | Yes |
| Technology transfer required | No |
| Additional information | |
|---|---|
| Proponent(s) | Ministry of Energy and Petroleum |
| International funder(s) | (no data)
|
| Organization providing technical support | ECN, IKI |
| Contact | James Falzon (ECN)
falzon@ecn.nl + 31 88 5154949 Ministry of Energy and Petroleum Chief Geologist, Geoexploration department +25420310112 Ext. 22180 cg@energy.go.ke |
Objective:
The NAMA aims to support and expand on existing efforts undertaken by the Government of Kenya in the geothermal sector to create an enabling environment for a significant up-scaling of private investment necessary to achieve the desired accelerated growth.
Activities: (2014 - 2029)
Four initiatives are designed to mitigate barriers in the geothermal power sector:
- Drilling risk mitigation instruments
- Premium payment mechanism
- IPP engagement and transaction support
- National geothermail capacity building programme
Impact and MRV
|
|
| Cumulative GHG reductions: No data available |
|---|
Mitigative capacity:
Based on 1000MW installed geothermal capacity in 2020, approximately 4.6 MtCO2e/year can be mitigated.
Co-benefits:
| Social: | Lower average electricity tariffs |
|
| Economic: | Improved energy security; increased power for economic growth; greater energy security. |
|
| Environmental: | Information has not been provided |
MRV Framework:
No MRV plan has been defined
