20 October 2014, Sweetcrude, Arusha, Tanzania – The African Development Bank is co-sponsoring and is actively involved in the upcoming 5th African Rift Geothermal (ARGeo) Conference in Arusha, Tanzania. The conference seeks to further regional cooperation in the development and utilization of geothermal resources.
The conference will bring together policy, technical and development experts to network and interface with both local and international geothermal companies to explore how to reduce project lead times, leverage financing and effectively manage geothermal power plants. It will be opened by President Jakaya Kikwete, President of the United Republic of Tanzania, and will be attended by Ministers from Burundi, Comoros, Democratic Republic of Congo, Djibouti, Eritrea, Ethiopia, Kenya, Malawi, Mozambique, Rwanda, Tanzania, Uganda and Zambia.
The AfDB will take the lead on presenting a session titled “Supporting East Africa’s Transition Towards Clean Energy Through Geothermal Development”, which will review the AfDB’s previous experience with geothermal development and will present future prospects for geothermal development in the East Africa region. Following the conference, participants will be given the opportunity to undertake a number of field visits, including to the Menengai/Olkaria geothermal field where the AfDB is supporting the exploration and exploitation of extensive geothermal resources.
*African Development Bank