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Djibouti: IFC, Icelanders invest in geothermal

The World Bank’s International Finance Corporation and Iceland’s Reykjavik Energy Invest (REI) have signed an agreement for the exploration and development of geothermal resources at Lake Assal (AE 132/9). The agreement is the first funded by IFC InfraVentures, a new $100m fund to support development of infrastructure in the world’s poorest countries.

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African Energy Gulf States Newsletter