East Africa: Reykjavik Energy

(HornTrade) -  “In East Africa utilisation of the geothermal potential could free the people of several nations from the bondage of energy poverty,” foreign minister Ossur Skarphedinsson told the UN General Assembly late September.
Last May, Reykjavik Energy and Mitsubishi Heavy Industries signed an agreement to cooperate on geothermal ventures overseas. Reykjavik Energy will lead the venture but Iceland GeoSurvey and three engineering companies — Mannvit, EFLA and Verkis — are also involved, along with a drilling company and two architect studios.

“But it is still in the beginning stages,” says Kristjan B. Olafsson from Reykjavik Energy Invest (REI), the international arm of Reykjavik Energy.

“REI has been working mainly in Djibouti in the Assal Rift Valley. The pre- feasibility study for a geothermal plant has been completed, and four boreholes have been dug, 2.5 km deep. This is thought to be sufficient steam, energy and pressure for the project. But negotiations are still ongoing about the next stage.”

Source: guardian.co.uk

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