PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

557205

Primary Business Area

Environment and Social Sustainability

Disclosure Date

May 25, 2009

Country

Turkiye

Region

Central Asia and Turkiye

IFC Approval Date

Jun 14, 2007

Status

Active

Estimated Total Budget

$10,300,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Nov 30, 2016

Project Estimated Start Date

Mar 1, 2008

Project Description

The project systematically explores geothermal opportunities in Hungary, Russia, Armenia, Turkey, Ukraine, and Tajikistan (and possibly other countries in the region), developing a collaborative model with the World Bank’s Europe and Central Asia Infrastructure Department and IFC investment departments. The objective is to use interventions to identify and develop geothermal resources in an environmentally friendly manner, and to learn about potential green-energy options in a frontier area.