Geothermal news from Djibouti

Djibouti: Government Approves Funding for Lake Assal Phase One

This week, Djibouti’s cabinet approved funding for the first phase of the Lake Assal geothermal energy development, in the form of a $6.1 million loan and a $14.4 million grant. The six proposed projects that make up phase one entail “exploration of the geothermal steam field including a drilling program, technical studies, a feasibility study for the construction of a power plant and project management,” Djiboutian Minister of Economy and Industrial Finance Ilyas Moussa Dawaleh told press.

Click here for GEA’s recent feature story on the World Bank involvement in the Lake Assal geothermal project.

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