Agreements appear at the World Energy Summit
Abu Dhabi and Reykjavik, Iceland, January 23, 2008 - Two agreements amid Iceland and the Republic of Djibouti can advice the East African country alter its accepted diesel-generated electricity with blooming electricity. The agreements were appear at the World Energy Summit captivated in Abu Dhabi.
First, Iceland´s Minister of Industry HE Ossur Skarphedinsson and HE Mohamed Ali Mohamed active an acceding on activity cooperation area the countries will allotment ability to abutment Djibouti´s advance appear activity sustainability.
Second, the CEO of Reykjavik Energy Invest (REI) Mr. Gudmundur Thoroddson, Djibouti´s Minister of Energy HE Mohamed Ali Mohamed, and the CEO of the Djibouti Energy Company Mr Djama Ali Guelleh appear the signing of an acceding on the costs anatomy for the Djibouti Asal Rift Geothermal Project. As allotment of the Asal Project, REI intends to body a geothermal ability plant, which is estimated to alpha assembly in 2012. The bulb will accumulation Djibouti with blooming electricity, replacing its accepted diesel-generated electricity.
REI´s projects in Djibouti are allotment of the company´s US$150 actor charge to investments in geothermal activity in Africa appear by Bill Clinton and President Grimson at the Clinton Global Initiative in New York in 2007.
In an abode at the World Energy Summit, the President of Iceland, HE Olafur Ragnar Grimsson, discussed the all-around appulse of altitude change and how geothermal activity can be one of the solutions to all-around warming. The President aswell discussed how Reykjavik Energy Invest´s projects in the Republic of Djibouti will transform the country´s activity sources from deposit fuels to acceptable energy.
Comments:
HE Olafur Ragnar Grimsson, President of Iceland:
The cooperation amid Djibouti and Iceland will advice transform the oil-based activity arrangement of Djibouti to clean, geothermal-based energy. This cooperation could become a battleground in the apple-pie activity approaching of East Africa.
HE Ossur Skarphedinsson, Minister of Energy, Iceland:
Djibouti today generates all its electricity through the agitation of alien deposit fuels, which is agnate to Iceland in the average of the endure century. Today, however, Iceland generates all its electricity from acceptable sources. The country has become abundantly absolute of ammunition acceptation for calm usage. We achievement to allotment our adventures with Djibouti and advice transform the activity sources acclimated there.
Mr. Gudmundur Thoroddsson, REI´s President and CEO:
REI is currently demography important accomplish appear cogent investments in Djibouti. The signing of this acceding brings us one footfall afterpiece to bartering blooming activity to Djibouti. We are admiring with the accomplished accord that we accept had with HE Mohamed Ali Mohamed and the government of Djibouti, and with the professionalism of the activity authorities in the area.
- ends-
For added information, contact:
Gudmundur Thoroddsson, CEO Reykjavik Energy Invest, Phone +354 516 6000
Runar Hreinsson, Director of Public Relations, Mobile Phone: +354 822 2516, e-mail: runar.hreinsson@rei.is
About Reykjavik Energy Invest
Reykjavik Energy Invest (REI) (www.rei.is / info@rei.is) is the Reykjavik Energy (Orkuveita Reykjavikur) all-embracing business development and investment arm. Reykjavik Energy Invest focuses on creating partnerships to advance geothermal areas. The aggregation invests in geothermal corruption rights; develops, constructs and operates geothermal fields; and seeks to access geothermal plants currently in operation. Reykjavik Energy is the world´s arch ascendancy in the appliance of geothermal energy. Over the accomplished 60 years, the aggregation has circumscribed its administration by bartering a ample allocation of the Icelandic citizenry with geothermal baptize for calm heating and by gradually developing new beef fields for ability production.
Press Release (PDF)
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