fiale project - some links, page-28

Good one, cj.

I was concerned the EU might pull out because of the trouble in Europe but I see they are still in it.

"The German Government and the EU-Africa Infrastructure Trust Fund have committed 20 million Euros and are co-financing up to 30 million Euros respectively."


I have been retracing some of you research steps today. It's worth noting that the authorites in Djibouti were not happy with Reykjavik on several counts:

"Not only did Minister Bouh Odowa distrust the Icelandic investors following the financial crisis, he revealed to the US Ambassador, but the Icelanders were also acting in an undiplomatic way, with "errors of protocol and communication."

The Djiboutian Minister said he was not as confident that Iceland had the full US$ 25-30 million available to fund the Lac Assal project feasibility phase."

Money is important and so is delivering on your word.

I have confidence in EHR management to meet their committments.

From what I have read in recent announcements I have the impression that once EHR conclude their immediate funding issues then the cornerstone investor will come on board, and together that will increase their chances of success in the Fiale Geothermal Development Project because they will have proved their financial creditility.