Friday, July 21, 2017

Djibouti: Djibouti secures $27m loan from Kuwait for geothermal drilling campaign

Reported last week, Kuwait has granted funding of $27 million to support the geothermal development program in Djibouti, Africa.

This was reported in a statement from the Djiboutian Geothermal Energy Development Office (ODDEG). According to the statement, The Kuwaiti Development Fund (FKD) will provide a $27 million loan for the drilling of 10 wells (eight production boreholes and two re-injection boreholes) and a geothermal power plant with a capacity of 15 MW by the year 2021.

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