Djibouti Looks To Tap Its Geothermal Potential (Oilprice.com)
In July 2017 Djibouti secured $27m in funding from the Kuwait Development Fund for the development of the Gale-Le-Koma geothermal project in the Lake Assal region. The funding deal came on the back of a two-week technical and financial evaluation of the site.
According to a statement from the Djibouti Office for Geothermal Energy Development (Office Djiboutien de Développement de l'Energie Géothermique, ODDEG), the loan will help to underwrite the drilling of eight production boreholes and two re-injection boreholes for a new geothermal power plant, which is set to come on-line in 2021. The plant will have an initial capacity of 15 MW, with the potential for a total capacity of 50 MW following completion of the final phase in 2025.
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