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Detail of GEF Project #4138
| GEF Project ID | 4138 |
| Funding Source | GEF Trust Fund |
| Project Name | Catalytic Investments for Geothermal Power |
| Country | Colombia |
| Region | Latin America and Caribbean |
| Focal Area | Climate Change |
| Strategic Program | CC-3 |
| PIF Approval Date | 2010-01-20 |
| Approval Date | 2010-03-17 |
| CEO Endorsement Date | 2011-01-13 |
| GEF Agency Approval Date | 2011-07-05 |
| Project Status | IA Approved |
| GEF Agency | IADB |
| Executing Agency | ISAGEN S.A .E.S.P. (ISAGEN) |
| Description | The general objective is to promote and support catalytic investments for geothermal power in Colombia through the strengthening of its regulatory framework and the development and implementation of a demonstrative geothermal project in the Macizo Volcanico del Ruiz which will contribute to reduce and displace unrealized Greenhouse Gas Emissions. The specific objectives of the Project are to obtain: (i) a white paper policy to promote use of untapped non-conventional renewable energy (such as geothermal, wind and solar/PV) and specific policy and regulatory measures recommendations; (ii) a model of the geothermal resource in the two selected areas and its temperature; (iii) identification of the type of geothermal resource and its potential capacity; (iv) recommendations concerning the geothermal resource exploration and development; (v) environmental and sociological studies according to the scope of these activities and (vi) development and implementation of the geothermal project. |
| GEF Project Grant | 2,727,000 USD |
| GEF Grant | 2,727,000 USD |
| Cofinancing Total | 192,900,000 USD |
| Project Cost | 195,627,000 USD |
| GEF Agency Fees | 272,700 USD |
| GEF Project (CEO Endo.) | 2,727,000 USD |
| Cofinancing Total (CEO Endo.) | 23,750,000 USD |
| Project Cost (CEO Endo.) | 26,477,000 USD |
| GEF Agency Fees (CEO Endo.) | 272,700 USD |
| Project Documents |
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