Article - 20/02/2017

GDF Latin America Consulting

Mannvit offers consulting to project developers that would like to apply to the GDF Latin America. Mannvit is especially well equipped to provide consulting to developers looking to apply to the fund for surface exploration or exploration drilling in Latin America. Mannvit, Rödl & Partner and BMAJ (Chilean legal firm) prepared the setup and organization of the GDF Latin America for CAF (development bank of Latin America) and KfW (German development bank) before its official launch in 2016. Mannvit is the technical consultant of the Geothermal Risk Mitigation Facility (GRMF) in East-Africa, also funded by the KfW, that has proven successful in bringing early stage geothermal projects forward. The GRMF is the model on which the GDF Latin America is based on.

The GDF Latin America is the first multi-donor climate initiative to promote geothermal energy in Latin America. The fund will help project developers overcome the high investment costs and risks associated with the exploration phase, which represent one of the greatest barrier in many projects. The countries eligible for grants from the GDF are Bolivia, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, and Perú. The 1st EOI will allow interested applicants to submit a proposal for surface study funding up to €600,000 and contingency drilling grants up to €5.8 million. 

For further information please contact Mr. Ari Ingimundarson (Spanish or English): arii @ mannvit.is