World Bank supports Djibouti's geothermal energy development

摘要

Agreements signed in late 2013 between the World Bank Group and Djibouti will launch a project to tap into Djibouti's volcanic geology for geothermal power. IDA, the Bank's arm for the world's poorest countries, will provide a US$6 million credit to the geothermal generation project. Djibouti's energy policy is to generate 100 per cent of its energy demands using renewable sources, of which geothermal is a substantial component, by 2020. The project will support Djibouti in assessing the commercial feasibility of the geothermal resource in Fiale Caldera within the Lake Assal region. The development of geothermal generation capacity could help Djibouti fully meet its peak demand, alleviate energy dependency and reduce electricity production costs by 70 per cent. Clean geothermal energy would also mean a reduction in CO_2 emissions and a healthier environment.