GEORISK International Seminar – The right risking mitigation scheme for my market

06 November 2019

6 November 2019 – from 14h00 to 18h00 + Dinner

*simultaneous translation to Turkish

In collaboration with IGC Turkey – International conference

Geothermal project development has several risky components, the most important one being the resource risk Beyond exploration, the bankability of a geothermal project is threatened by this geological risk.

GEORISK project works to establish risk insurance all over Europe and in some key target third countries to cover the resource risk. It appears clear that a de-risking scheme must be designed according to the market maturity of the sector.

This workshop aims at presenting first results of the GEORISK project. The workshop aims to create a discussion between the project partners, the members of the Advisory committee and the other participants to the workshop.

Draft Agenda


14h00 – 14h15: Introduction

Presentation of the GEORISK Project: Philippe Dumas, EGEC

14h15 – 15h15 Session 1: Understanding geothermal de-risking

Moderator: Philippe Dumas, EGEC

Presentation of the GEORISK Risk Register and Risk Assessment Tool: Ferid Seyidov, GEC-Co

The right scheme for the right market: conditions for schemes according to market maturity: Horst Kreuter, Geothermal engineering gmbh tbc

Feedback – Markus Ruff, Gec-CO – Technical trends in the market, notably the German case

Discussion with participants

15h15 – 16h15 Session 2: Geothermal risk mitigation schemes in Turkey
moderated by Cagri YILDIRIM, TUBITAK

The Turkish example: Ender DINCER, TKB

Roundtable discussion: Feedbacks from GEORISK advisory committee members:
• Deniz Yurtsever , EBRD
• Kadir Sancar, TSKB
• tbc, World Bank

Environmental Risks in Turkey, results from GEOENVI: Cannur Bozkurt (JESDER)

Discussion with participants

16h15 – 16h45 Coffee Break

16h45 – 17h45 Session 3: Global geothermal market and GEORISK activities outside Europe
Moderator: Thomas Garabetian, EGEC

Deep geothermal market & opportunity analysis by Geo-Energy Europe Project: Stephen

Establishing a geothermal risk mitigation scheme in third countries:
• Market conditions to de-risk project: Virginie Schmidlé-Bloch, AFPG/GEODEEP
• Capacity building activities: Philippe Dumas, EGEC

Discussion with participants

17h45 – 18h00: Conclusion


*The agenda is a draft, all the speakers are tbc

Ilıca Mah. Zeytin Sok. No:112 Narlıdere – İzmir



06 November 2019