INTERNATIONAL GEOTHERMAL ASSOCIATION
Founded in 1988, the International Geothermal Association (IGA), is a scientific, educational and cultural organization established to operate worldwide with more than 5,000 members in over 65 countries. The IGA is a non-political, non-profit, non-governmental organization with consultative status to the United Nations (UN). The objectives of the IGA are to encourage research, the development and utilization of geothermal resources worldwide through the publication of scientific and technical information among the geothermal specialists, the business community, governmental representatives, UN organisations, civil society and the general public. One of IGA’s aims is to encourage, facilitate and, when appropriate, promote the coordination of activities related to worldwide research, development and application of geothermal resources. In line with this, Olsuswa Energy also looks to promote global knowledge and research in the geothermal sector by sharing and publishing research articles on our ongoing projects via IGAâ€™s established audience. Olsuswa Energy has been a member of IGA since March 2016.
Iceland GeoSurvey (ISOR) is a self-financing, state-owned, non-profit institution. It receives no direct funding from the Icelandic government and operates on a project and contract basis like a private company. ISOR wasÂ established in 2003, when the GeoScience Division of Orkustofnun, the National Energy Authority of Iceland, was spun off as a separate entity. It isÂ based onÂ seven decades of continuous experience in the field of geothermal and hydropower research and development. During this period, ISOR has provided consulting, training, and scientific services to the Icelandic power industry and the Icelandic government, and to numerous foreign companies and governments all over the world. Although its focus is on geothermal exploration, development, and utilization, their experience covers many other geoscience-related fields as well, including groundwater studies, marine geology, and environmental monitoring. ISOR is working with Olsuswa Energy as geothermal exploration activities project consultant where they bring on board diverse experience in geothermal exploration and development towards the realization of 140MW at the Barrier Volcanic Complex.
GEOTHERMAL RISK MITIGATION FACILITY FOR EASTERN AFRICA (GRMF)
The African Union Commission (AUC) on the one side and the German Federal Ministry for Economic Cooperation and Development (BMZ) and the EU-Africa Infrastructure Trust Fund (EU ITF) via KfW Entwicklungsbank (KfW) on the other side established the Geothermal Risk Mitigation Facility (GRMF) in April 2012 to fund geothermal development in Eastern Africa. In addition, the UK Department for International Development (DFID) is making a contribution to the GRMF. The Facility aims to increase production of clean and reliable energy to supply power grids in Eastern Africa by attracting public and private developers and to mobilise finance for the construction of geothermal power plants. The Facility provides grants to co-finance surface studies and exploration drilling programmes for public and private developers. The support is aimed at reducing the high upfront risks related to the development of geothermal resources and thus geothermal power. The projects it supports are located in Eastern Africa in the countries that have signed the Addis Ababa resolution with the African Union Commission on Geothermal Energy. Olsuswa Energy has already been awarded a grant ofÂ close to one million dollars by the GRMF towards surface exploration activities and infrastructure upgrade for our Barrier Volcanic Complex project. For our upcoming exploration drilling program, we are in the process of applying for grant fundingÂ of up to 40% of the cost of drilling the first threeÂ vertical wells.
KENYA VISION 2030
The BVC Project is delighted to be among Kenya’s Vision 2030 projects. Inducted into the Medium Term Plan (MTP) of 2018, this recognition highlights the significance of Olsuswa Energy’s BVC geothermal project in playing a critical role in Kenya in facilitating the achievements of reaching middle income status. Kenya Vision 2030 is the long-term development blueprint for the country and is motivated by a collective aspiration for a better society by the year 2030. The aim of Kenya Vision 2030 is to create “a globally competitive and prosperous country with a high quality of life by 2030”.
LONDON STOCK EXCHANGE GROUP
Olsuswa Energy Limited is proud to be a part of the 2018 ELITE program. Olsuswa Energy’s induction into the program makes it the first company from Kenya, a major milestone for the company, the program and the London Stock Exchange Group. ELITE is the London Stock Exchange Group’s international business support and capital raising programme for ambitious and fast growing companies. ELITE is an ecosystem designed to help ambitious companies scale up, structure for growth and be more competitive in the global marketplace. ELITE combines education, business support, mentoring and access to expertise and funding