KUWAIT CITY: In a ceremony today, a loan agreement over the amount of KWD 8 million (Kuwaiti Dinar) or around $27 million for the financing of a 15 MW geothermal power project in Djibouti.
The loan documents were signed by Ilyas M. Dawaleh, Minister of Economy & Finance of Djibouti and Hisham Ibrahim Al-Waqayan, Deputy Director General at Kuwait Fund for Arab Economic Development.
The loan is likely for the Gale-Le-Koma geothermal project and was initially announced in July 2017.
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