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- Strategy for technology transfer and training for domestic skills - Monitoring and evaluation of program - Clarification of the role of Government in sector oversight and management Monitoring and evaluation of geothermal concessions to oversee the progressive and successful achievement of development milestones covering the full project cycle, for all concessioned pipeline of projects under the purview of the GoC. - Surface Level Reconnaissance: It is important to independently review the geological, geochemical, and geophysical assessments that have been carried out to ensure that they meet industry standards, which will significantly enhance drilling plans and well design; ensure that support for scaled-up development is targeted towards fields that are power sector expansion priorities; and review the technical and financial capabilities of developers/concessionaires. - Exploration and Production Drilling: Review of drilling plans and well designs to ensure compliance with sound industry practice, independent evaluation of well testing and resource confirmation assessment, review of feasibility work for ensure project viability as well as adherence to environmental and social policies and practices in drilling operations including compliance with domestic regulations and international practices (Equator Principles). - Construction of SAGS and Power Plant Facilities: Independent review of specifications, its interconnection and integration into power system, facilitation of off-take agreements, ensure compliance with critical environmental and social requirements. Training and Capacity Building: Specially designed training programs and on-the-job training for MinEne and other stakeholders to progressively develop the capacity for managing geothermal development including technical, regulatory, financial, and safeguard aspects. This support will be extended to private developers who may wish to participate and enlist additional assistance. Just-in-Time Support from Global Advisory Panel on Geothermal: Provide access for GoC and other stakeholders to an Advisory Panel of Global Experts on Geothermal Development, assembled by the World Bank. The group primarily includes geothermal resource specialists, geothermal power engineers, drilling specialist, and geothermal finance specialist – all of them with extensive international experience working geothermal developments in the United States, New Zealand, Mexico, Nicaragua, Indonesia, as well as Chile. A specialized group could be established for Chile that could support the public as well as the private sector on an as-needed basis. Transformational Benefits The TC component, which is integral and complements the investments, is designed to have the following transformation impacts: Strengthen the long-term domestic capacity to manage and monitor the development of geothermal on a sustained basis, where Chile is attempting to develop power generation capacity for the first time; Ensure that geothermal developments in Chile meet industry and international standards to ensure safe and successful project development. Ultimately, such standards lead to optimized development of the sector; Disseminate global best-practice knowledge so that Chile can leap frog and advance the development of its geothermal resources. Page |28PDF Image | CLEAN TECHNOLOGY FUND INVESTMENT PLAN FOR CHILE
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