Djibouti: Kuwait to fund geothermal scheme

The Kuwait Fund for Arab Economic Development has signed an agreement to provide a $27m loan to develop the Gale-Le-Koma geothermal project in the Lake Assal region. The project involves the drilling of ten wells (eight production boreholes and two reinjection boreholes) and development of a 15MW geothermal power plant, with a target completion date of 2021.The agreement was signed with the Office Djiboutien de Développement de l’Energie Géothermique (ODDEG), which has carried out preliminary drilling and confirmed a geothermal reservoir at the site.