Djibouti: Geothermal funding


Issue 258 - 12 Jul 2013 | 2 minute read

The African Development Bank (AfDB) and Sustainable Energy Fund for Africa (Sefa) – a $57m bilateral trust fund managed by the AfDB and funded by the Danish government – approved $7.5m of grant and concessional finance on 8 July for a geothermal project in the Lake Assal region. The finance is part of an AfDB strategy to mitigate the high risks associated with geothermal exploration. The project will be structured as a public-private partnership, in which the government of Djibouti will be taking the lead on the $32m first phase of exploration and appraisal drilling.

Tagged with:

Pin Power

Pin Djibouti

Want to read more?

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register