Cluff Geothermal have been approved for Geothermal Risk Mitigation Facility (GRMF) funding at Butajira in the Southern Nations, Nationalities and Peoples’ Region of Ethiopia. The non-refundable grant of over US$600,000 is to support surface study works which will result in exploratory drill site identification.
The GRMF is funded by the UK Government’s Department for International Development (DFID), the German Government and the European Union. Geothermal energy is recognised as highly beneficial to the emerging economies of East Africa, and the GRMF looks to encourage its development by reducing early stage exploration risk. It does this by providing grants to geothermal projects within certain African countries for 80% of the eligible costs of surface studies and 40% of the first two exploration wells.
Cluff Geothermal look forward to expanding their portfolio of Ethiopian geothermal exploration projects, and welcome the GRMF’s support.
Notes for Editors:
The press release from the GRMF can be found at: http://www.grmf-eastafrica.org/news/174/Results+of+the+3rd+Application+Round