Geothermal Power Generation Program

Project Summary

The Global Environment Objective (GEO) is to promote renewable (geothermal) energy and reduce GHG emissions in Djibouti. Project Development Objective: The more specific project development objective is to assess the commercial viability of the geothermal resource in Fiale Caldera (located in the Lake Assal region). Achieving this objective could lead to unlocking Djibouti’s geothermal potential – something that would help reduce domestic electricity generation costs, increase the country’s energy security of supply and foster private sector participation in the energy sector.

Project Details

GEF Project ID
4626
Project Type
Full-size Project
Status
Project Approved
Country
Djibouti
Region
Focal Areas
Funding Source
GEF Trust Fund
Implementing Agencies
The World Bank
Executing Agencies
Ministry of Energy and Water
GEF Period:
GEF - 5
Approval Fiscal Year:
2013

Financials

Project Preparation Grant Amount
0 USD
GEF Project Grant
6,036,364 USD
Co-financing Total
25,190,000 USD
GEF Agency Fees
603,636 USD
Total Cost 31,226,364.00 USD

Project Timeline

Received by GEF
01 Sep 2011
Concept Approved
01 Nov 2012
Project Approved for Implementation
11 Mar 2013
Project closed