Eritrea: Geothermal Exploration is Funded

Eritrea signed national level by EU 175 million for energy (Anima)

As part of the National Plan for Eritrea, the EDF (European Development Fund), an investment vehicle of the European Union has agreed to provide 175 million euros of investment.

The money will aid the reconstruction of the national grid, the construction of  solar and wind power systems in rural areas and geothermal exploration in the Alid area.

Also provided are 20 million euro relative to the support of financial management activities in support of Eritrean financial entities.

Read More........                            Eritrea-EU Cooperation EDF program (PDF)