21 April 2008 - Yemen's General Corporation for Electricity and Iceland's Reykjavik Energy Invest (REI) company have signed an agreement on geothermal electricity generation, according to reports by Saba, Yemen's news agency.

The agreement details a plan for REI to lead a study into the geothermal potential at Lesi Mountain in the Dhamar region of Yemen. If the potential for a geothermal project is there, REI will initiate drilling works in the location.

According to the document, REI will invest in the first geothermal station after the study is finalised, which is expected to occur by the end of August this year.