EASTERN EUROPE GEOTHERMAL POWER INITIATIVE
November 1st, 2006
BY KEITH NUTHALL
THE WORLD Bank is injecting US$4.53 million into an eastern Europe and central Asian fund promoting geothermal energy production, with the lion's share (US$3.7 million) going to the Hungarian Oil and Gas Company (MOL) to fund geological risk insurance. The bank plans US$25 million in funding for similar regional projects over eight years.
ENDS
THE WORLD Bank is injecting US$4.53 million into an eastern Europe and central Asian fund promoting geothermal energy production, with the lion's share (US$3.7 million) going to the Hungarian Oil and Gas Company (MOL) to fund geological risk insurance. The bank plans US$25 million in funding for similar regional projects over eight years.
ENDS
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