Geothermal handbook: PlanninG and Financing power Generation t e c h n I c a L r e p o r t 2 / 2

T A B L E 3 . 4
Proposed Sequencing of Funding Sources under the SREP Investment Plan in 
Kenya
DEVELOPMENT STAGE
FUNDING AGENCy
1
Detailed Studies
Geothermal Development Company (GDC) 
Government of Kenya (GoK)
2
Exploration Drilling
GDC and GoK
3
Appraisal Drilling
GDC and GoK
4
Feasibility Studies
World Bank
5
Production Drilling
African Development Bank (AfDB),
French Development Agency, and SREP
6
Steam Field Development
World Bank
7
Power Plant
IFC, Private Sector, and AfDB
8
Transmission / Substation
World Bank
Source | CIF 2011b.

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G e o t h e r m a l H a n d b o o k : P l a n n i n g a n d F i n a n c i n g P o w e r G e n e r a t i o n 
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In the case of Indonesia, IFIs are bringing together a comprehensive package of support to accelerate 
geothermal development. The World Bank Group and the Asian Development Bank are mobilizing 
financing from their own resources, as well as the Clean Technology Fund, to immediately help scale-
up investments in the sector. There is also cooperation on carbon off-set financing. The World Bank is 
assisting the Government of Indonesia to improve its policy and regulatory framework to enhance the 
investment climate for geothermal development on a sustained basis. This support is through a GEF 
grant and development policy lending. The World Bank and IFC are also providing advisory services in 
order to carry out credible and competitively tendered geothermal concessions so that private interest 
can be maximized. The specific activities and multiple funding sources are brought together to form 
a comprehensive support package that will provide the necessary short-term boost while at the same 
time facilitate the sustained development of the geothermal sector in Indonesia, with the ultimate goal 
of transforming the sector (CIF 2010). Figure 3.11 illustrates the various support activities that comprise 
the comprehensive support program by the IFIs.