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The Kuwait Development Fund loan came a month after state-owned utility Electricité de Djibouti (EDD) signed an exploration contract with Iceland Drilling Company for the drilling and testing of two 2500-metre geothermal exploration wells, and two optional wells in the Fiale Caldera area of Lake Assal.
The Fiale Caldera drilling is a component of the World Bank’s .8m Geothermal Power Generation project, which was launched in mid-2013 to assess the commercial viability of geothermal power production in Lake Assal through an assisted drilling programme.
Multiple clean energy sources pursued Geothermal is only one method of generation that the government is exploring, however.
Djibouti, which benefits from both steady, frequent winds and high insolation rates, is also looking to encourage solar and wind generation.
Article II All vessels under the British flag shall have free permission to trade all ports and places in the territories of the Gadabursi tribe.
This puts geothermal as Djibouti’s highest potential source of energy, ahead of both solar and wind.However, it is not only development financing behind the country’s nascent geothermal segment.In August last year ODDEG signed a memorandum of understanding with Japanese industrial conglomerate Toshiba for the development of 50 MW of geothermal power projects across the country.As a part of this partnership, Toshiba will assist in the development and supply of generation equipment, and the training of personnel at power plants.Enhancing energy security through renewables Developing geothermal potential is central to achieving the government’s goal of relying entirely on clean energy by 2020, a key component of the country’s Vision 2035 economic strategy.
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