Djibouti:

Geothermal Exploration Project in Lake Assal Region Launched (AllAfrica.com)

The African Development Bank (AfDB) and the Government of Djibouti on Monday, August 26, signed the funding agreements, totaling US $7.5 million, for a geothermal exploration project in the region of Lake Assal.

"The exploitation of geothermal potential in the Lake Assal region will enable the Djiboutian population to access reliable, renewable and affordable source of energy," said AfDB's Regional Integration Director Alex Rugamba, on behalf of Gilbert Mbesherubusa, Vice-President, Infrastructure, Private Sector and Regional Integration, during the signing ceremony.

The financing scheme includes a grant and a loan from AfDB's soft loan arm, the African Development Fund to the tune of US $5.3 million and US $0.4 million respectively. It also includes a grant of US $1.8 million from the Sustainable Energy Fund for Africa (SEFA).

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