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| Finland's Pöyry helps Eastern Africa in the search of geothermal resources Pöyry's Energy business group has been awarded a Consulting Contract by the African Union Commission (AUC) in cooperation with the KfW Development Bank for the establishment and operation of the Geothermal Risk Mitigation Facility (GRMF) for Eastern Africa. The value of the contract amounts to EUR 3.5 million and it has been booked in the first quarter order book. The duration of the project is 48 months. GRMF identifies and develops geothermal resources for power production in Ethiopia, Kenya, Rwanda, Tanzania and Uganda. The projects will be supported by a fund of EUR 50 million provided by the German Government and the European Union. Based on Pöyry's extensive experience in the procurement and tendering processes and deep understanding of geothermal resources, the company was selected as best bidder to support the AUC in evaluating and selecting eligible applicants. Pöyry creates common developer manuals and operational methodologies for choosing parties interested in surface studies and exploration drilling projects in the region. During the execution period the chosen projects will be monitored and reported. A regional geothermal database of prospects in the region will be developed and updated. write your comments about the article :: © 2012 Construction News :: home page |