Iceland to back geothermal development


Issue 132 - 08 Feb 2008 | 1 minute read

Iceland’s Reykjavik Energy Invest (REI) has signed an agreement with Djibouti Energy Company (DEC) to build a geothermal power plant as part of the Asal Rift Geothermal Project (ARGP). The plant is expected to start production in 2012, and will replace the present diesel-generated electricity with power from a renewable source.

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