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- Geothermal Power Generation Project
Geothermal Power Generation Project
Djibouti
| Borrower | Djibouti |
| Financing Type | Public Sector |
| Instrument | Project Loan |
| Focus Area | Energy |
| Approved | 18.06.2010 |
| Signed | 07.10.2010 |
| Status | Completed |
| Loan Administrator | OPEC Fund |
| Executing Agency | Ministry of Energy and Natural Resources through the "Électricité de Djibouti" (EDD) |
| Co-financiers | AfDB Trust Fund, Government, GEF, ESMAP, IDA, AFD, AFDB |
| OPEC Fund Contribution (US$m) | 7.00 |
| Total Project Cost (US$m) | 31.23 |
This project aims at helping Djibouti secure a sustainable and competitive source of energy by drilling four wells, of a depth of around 2.5 km, which will be used to help generate geothermal energy. The wells will be located in the Assal Rift, around 80km northwest of Djibouti City.
It is expected that the project will enable Djibouti to access a secure and sustainable source of energy and reduce its dependency on electricity imports form Ethiopia, which is only possible when the country has excess to sell.