Thursday, January 23, 2014

Djibouti:

Djibouti Cabinet Approves Funding for Lake Assal Geothermal Project (AllAfrica.com)

Djibouti's cabinet on Tuesday (January 21st) approved funding for several projects to be carried out by development partners for the first phase of the geothermal energy development at Lake Assal.

The financing arrangements take the form of a loan worth more than 1.1 billion francs ($6.1 million) and a grant worth more than 2.6 billion franc ($14.4 million) for six proposed projects.

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