Somali National News Agency
So
Ar
Search
  • Home
  • Local News
    Local NewsShow More
    The 3rd UN Conference on Landlocked Developing Countries opens partnership opportunities
    August 5, 2025
    Defence Minister meets a delegation from the European Union
    August 5, 2025
    NISA Eliminates Five Al-Shabaab Militants in a Targeted Operation in Lower Shabelle
    August 5, 2025
    SoDMA Commissioner Arrives in Baidoa Ahead of 2025 Country Humanitarian Forum (CHF)
    August 5, 2025
    President Hassan Sheikh Receives Credentials from Eight New Ambassadors
    August 5, 2025
  • World News
    World NewsShow More
    Israel kills aid worker in Gaza amid rising starvation deaths, US envoy meets with hostages’ families
    August 3, 2025
    Ghana Donates 40 Metric Tonnes of Cocoa to Palestine in Act of Solidarity
    August 2, 2025
    Seven people in critical condition after car ramming at LA nightclub
    July 20, 2025
    Tourist boat capsizes in Vietnam’s Ha Long Bay, killing 37
    July 20, 2025
    Israel kills more than 50 in Gaza as UN warns of ‘catastrophic hunger’
    July 19, 2025
  • Articles
    ArticlesShow More
    Somalia’s Financial War Against Al-Shabaab: Key Achievements and Strategic Milestones (2022–2025)
    August 4, 2025
    H.E. Abdisalam Abdi Ali Dhaay: Driving Somalia’s Diplomatic Renewal and International Partnerships
    August 4, 2025
    National ID Enforcement in Somalia: A Strategic Plan to boost the Country’s Economy
    July 31, 2025
    The Return of the White Star: Somali Airlines Resumes Operations After Three Decades
    July 29, 2025
    Somali Parliamentarian Drives New Governance Efforts in Contested Laascaanood
    July 25, 2025
  • Business
    BusinessShow More
    Somalia Unveils the Blueprint for a Modern and Sustainable Mogadishu
    December 21, 2024
    Djibouti Launches $57.4 Million Youth Entrepreneurship Project to Combat Climate Change
    November 25, 2024
    FM meets Minister of Investment of Saudi Arabia
    October 28, 2024
    President Hassan Sheikh Inaugurates New LPG Storage Center in Mogadishu
    May 12, 2024
    Collaboration of ICT transformation for digital Infrastructure
    October 24, 2023
  • Sports
    SportsShow More
    Mogadishu Stadium to Host Star-Studded Match Featuring Somali Legends and International Football Icons
    May 27, 2025
    Arsenal held at Brighton while Man City bounce-back continues
    January 5, 2025
    Galmudug wins the Inter-State Football Tournament
    January 29, 2024
    Somalia set for two int’l friendlies ahead of WC qualifier clashes against Algeria and Uganda
    October 10, 2023
    Chicago woman, 104, skydives from plane, aiming for record as the world’s oldest skydiver
    October 3, 2023
  • Tenders
    TendersShow More
Reading: AfDB approves additional $3.2 million funding for geothermal project in Djibo
Share
Font ResizerAa
Somali National News AgencySomali National News Agency
  • SOMALI
  • ARABIC
Search
  • Home
  • Local News
  • World News
  • Articles
  • Business
  • Sports
  • Tenders
Follow US
©2023 || All rights reserved SONNA
Somali National News Agency > Blog > News > AfDB approves additional $3.2 million funding for geothermal project in Djibo
News

AfDB approves additional $3.2 million funding for geothermal project in Djibo

By Osman
Last updated: May 13, 2020
3 Min Read
Share

In a release this weekend, the African Development Bank announced that its Board of Directors approved, on January 15, additional funding of USD 3.22 million for the geothermal exploitation project in the Lake Assal region of Djibouti.

This financing is in addition to the earlier US $ 6.83 million and previous US $ 14.68 million approved by the Bank’s Board of Directors in June 2013 and May 2018 respectively, bringing its total contribution to $ 24.73 million. U.S. dollars.

The project for which this additional funding is intended aims to improve the quality of life of the Djiboutian population through the increase of green energy production capacity, the reduction of oil imports, and the reduction of greenhouse gas emissions. tight.

Its objective is to explore the geothermal steam field of Lake Assal, located in the center of the country, and to confirm the characteristics of the geothermal resource. In a three-phase program, exploration of the field in question will first be carried out to confirm the characteristics of the geothermal resource; next will be the development of the geothermal field and the construction of a power plant with a capacity of 20 megawatts (MW); and finally the extension of the capacity of this plant to 50 MW.

This project is also part of a geothermal energy development program and will help build the first such plant in Djibouti. It will ultimately increase the green energy production capacity of this country in the Horn of Africa, increase access to electricity, thanks to a more reliable and more efficient source of energy. affordable. It will also reduce Djibouti’s oil imports and greenhouse gas emissions. By improving its access to electrical energy, it will contribute to improving the quality of life of the Djiboutian population.

This additional financing from the Bank will allow the cleaning of well number 2 and make more tests for all the wells in order to collect reliable data, intended for a feasibility study, with an acceptable risk profile for a commercial exploitation.

The Bank’s support is aligned with the current Djibouti Country Strategy Document (CSP) and the Djibouti Vision 2035. It is also in line with the New Pact for Energy in Africa, and responds to the strategic priorities of the Bank, the “High 5”, in particular “Enlighten Africa and supply it with energy.”

Source: AFDB

Share This Article
Facebook Whatsapp Whatsapp Email Copy Link Print

MORE NEWS

Official Reopening of the Ministry of Foreign Affairs Archives

CultureEducationLocal News
November 23, 2024

Kenya’s small farmers find respite in avocados amid changing climate

NAIROBI(SONNA) As crop diseases and pests rise in Kenya amid a rapidly changing climate that…

March 11, 2023

The 3rd UN Conference on Landlocked Developing Countries opens partnership opportunities

Awaza, (SONNA) — The Third UN Conference on Landlocked Developing Countries opens an opportunity to…

August 5, 2025

Nimcaan Hilaac appointed to lead Waberi National Band

Mogadishu (SONNA)-Minister of Information, Culture and Tourism of the Federal Republic of Somalia, H.E. Mohamed…

March 3, 2020

YOU MAY ALSO LIKE

Somalia Humanitarian Fund allocates US$9.26 million for floods response

Mogadishu(SONNA)-The Somalia Humanitarian Fund (SHF) has released US$9.26 million to scale up priority life-saving assistance to nearly 300,000 people affected…

News
October 15, 2020

Conversion to Islam not forced, says rescued Italian

Mogadishu(SONNA)-Silvia Romano, an Italian aid worker who was kidnapped by gunmen in Kenya 18 months Photograph: ITALIAN MINISTRY OF FOREIGN…

NewsWorld News
May 12, 2020

Puntland State Forces Arrest Soldier accused of murder case

Mogadishu(SONNA)-Puntland State Commander of Bari Regional Police, Hussein Ali Mohamud confirmed to the media that they have arrested a police…

Local NewsNews
April 13, 2021

International Partners Note Announced FGS-FMS Electoral Agreement

Mogadishu(SONNA)- International partners* take note of the agreement announced by the Federal Government of Somalia (FGS) President and the five…

News
September 22, 2020

Somali National News Agency established in 1964. It is one of the main pillars of the Ministry of Information, Culture, and Tourism.

  • Home
  • Local News
  • World News
  • Articles
  • Business
  • Sports
  • Tenders
  • SNTV
  • RADIO MOGADISHU
  • DALKA JOURNAL
  • TOURISM DEPARTMENT

Follow US: 

  • MoICT
  • VILLA SOMALIA
  • OPM SOMALIA

All rights reserved SONNA

©2023

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?