GEORISK webinar – The right risking mitigation schemes for different geothermal markets

29 April 2020

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.
The 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 webinar will discuss some key results of the GEORISK project with our experts.






15h00 : Welcome & Presentation of the GEORISK Project: Philippe Dumas, EGEC


15h00 – 15h30 Session 1: Understanding geothermal de-risking

Consultation on the GEORISK Risk Register and Risk Assessment Tool: Thomas Le Guenan (BRGM)

Proposal for the right scheme for the right market: conditions for schemes according to market maturity: Ferid Seyidov  (Gec-co)

Feedback from Advisory Committee: Paul Ramsak (RVO)


Discussion with participants


15h30 – 16h10 Session 2: Geothermal risk mitigation schemes in Europe

The French example: Christian Boissavy, AFPG

The Swiss example: Nicole Lupi, SFOE

Roundtable discussion: Feedbacks from GEORISK partners:


  • Poland: Beata Kepinska (PASMEERI)
  • Hungary: Attila Kujbus (Geoex)
  • Turkey: Cannur Bozkurt (JESDER)
  • Greece: Spyros Karytsas (CRES)


Discussion with participants


16h10 – 16h50 Session 3: Global overview on risk mitigation

Deep geothermal market & opportunity analysis: Virginie Schmidlé-Bloch (AFPG)

Establishing a geothermal risk mitigation scheme in third countries:

  • World Bank: Elin Hallgrimsdottir (The World Bank)
  • Kenya: Meseret Teklemariam  Zemedkun (Head, Energy Unit UN Environment, Africa office)
  • Chile: Carlos Jorquera (Jorka Energy)


Discussion with participants


16h50 – 17h00: Conclusion





29 April 2020

15:00 - 17:00