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The World Bank Group has agreed additional grant financing of $6m for the Power Access and Diversification Project (AE 184/14). The additional financing, on top of $7m in November 2005, will help Djibouti to expand access to electricity for low-income citizens, and to improve the efficiency of power utility Electricité de Djibouti (EDD).

DJIBOUTI: World Bank moots extra funding; EGYPT: Options to add hydro to Zefta dam; MALI: SNC Lavalin to study Gourbassi; MOZAMBIQUE: Backbone contract award; RWANDA: Sustainable energy tender; SUDAN: Letter of award for Upper Atbara hydro

The African Development Bank’s soft lending arm, the African Development Fund, has approved a combined loan and grant of $32.57m towards the cost of the Ethiopia-Djibouti interconnector (AE 123/4).

The World Bank’s International Finance Corporation and Iceland’s Reykjavik Energy Invest (REI) have signed an agreement for the exploration and development of geothermal resources at Lake Assal (AE 132/9). The agreement is the first funded by IFC InfraVentures, a new $100m fund to support development of infrastructure in the world’s poorest countries.

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.