The geothermal exploration project in the Lake Assal region is structured as Public Private Partnership, where the government of Djibouti is taking the lead on the first exploration and appraisal drilling phase. The private sector will be responsible for the production drilling, steam gathering system and electricity production and evacuation to the national grid.
In collaboration with the World Bank, the African Development Bank Group has structured the financing of this project. The first phase will cost approximately US$ 32 million. The AfDB Board approved a USD 7.5 million financing from the African Development Fund and the Sustainable Energy Fund for Africa (SEFA), a Danish funded initiative implemented by the AfDB.
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