Act No. 126/An/21/8Th Ratifying The Financing Agreement For The Electric Power Plant Of Damerjog And The Extension Of The Transport Of The Network.

Original Language Title: Loi N° 126/AN/21/8ème L portant ratification de l'Accord de financement pour la centrale électrique de Damerjog et l'extension du transport du réseau.

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Act No. 126/AN/21/8th L ratifying the Financing Agreement for the Damerjog power plant and the extension of the transport of the network.


VU The Constitution of 15 September 1992;
VU Constitutional Law No.92/AN/10/6th L of 21 April 2010 revising the Constitution;
VU Law No.107/AN/00/4 L of 21 October 2000 on Finance Laws;
VU Law No.160/AN/12/6th The reorganization of the Ministry of Economy and Finance in charge of Industry and Planning;
VU Law No. 58/AN/14/7th The adoption of the "Vision Djibouti 2035" and its Operational Action Plans;
VU Law n°152/AN/16/7ème Ratification of the Financing Agreement for the Draft Development Response to the Movement Impacts in the Horn of Africa;
VU Law n°90/AN/20/8th The ratification of the concessional financing agreement for the Damerjog power plant project;
VU Decree No.77-079/PR/MRI of 20 December 1977 reorganizing the statutes of the Electricity of Djibouti;
VU Decree No.2015-290/PR/MEFCI adopting the National Development Plan SCAPE;
VU Order No.2019-095/PRE of 05 May 2019 appointing the Prime Minister;
VU Order No.2019-096/PRE of 05 May 2019 appointing members of the Government;
VU Decree No.2019-116/PRE of 26 May 2019 establishing the powers of the Ministries;
VU Circular No.105/PAN of 19 May 2021, convening the National Assembly in the second public session;
The Council of Ministers heard at its meeting on 23 February 2021.

Article 1: A concessional financing agreement signed on 16 December 2020 between the Republic of Djibouti and the Saudi Development Fund in the amount of one hundred and twelve million five hundred thousand Saudi Riese (112,500,000 SR).

Article 2: This financing is intended for the construction of the airline of 230 KV connecting Damerjog to Nagad and underground electric lines.

Article 3: The refund period is 25 years with a grace period of 10 years with an annual charge of 2% on all amounts mobilised and unpaid.
The first refund will take place on May 31, 2026 and on November 30, 2045.

Article 4: This Act will be published in the Official Journal of the Republic of Djibouti upon promulgation.

Done in Djibouti on 02/06/2021

President of the Republic,
Head of Government