The Development Bank of Turkey (TKB) has issued a call for expression of interest under its newly launched geothermal Risk Sharing Mechanism for Turkey, a joint effort by TKB and the World Bank.
The Risk Sharing Mechanism (RSM) aims to increase private sector investment in geothermal exploration drilling in Turkey by providing partial coverage of exploration wells’ drilling costs in case of unsuccessful wells. Funding of the RSM will be provided by a contingent grant from the Climate Technology Fund (CTF) to the Government of Turkey. The RSM Unit (in charge of the implementation) has launched an expression of interest from potential Beneficiaries in participating in the RSM for exploratory drilling.
Expression of interest shall be sent to: Ruken.Oztekin@kalkinma.com.tr and Wietze.Lise@afconsult.com
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