Article source
African Development Bank Group
Article date
Tue, Aug 27, 2013
The African Development Bank (AfDB) and the Government of Djibouti on Monday, August 26, signed the funding agreements, totalling US $7.5 million, for a geothermal exploration project in the region of Lake Assal.
“The exploitation of geothermal potential in the Lake Assal region will enable the Djiboutian population to access reliable, renewable and affordable source of energy,” said AfDB’s Regional Integration Director Alex Rugamba, on behalf of Gilbert Mbesherubusa, Vice-President, Infrastructure, Private Sector and Regional Integration, during the signing ceremony.