Reykjavík Geothermal’s Abaya and Tulu Moye concessions have up until now been covered by the same exploration license. The Abaya concession is located in the SNNPR (Southern Nations and Nationalities People’s Region) region, and Tulu Moye in the Oromia Region of Ethiopia. The work has now been completed to split this exploration license into separate licenses for each region.
Early February 2020, the Bolaalda project was approved by the Icelandic National Energy Authority (Orkustofnun) and sent to the steering committee of the National Plan for Land Protection and Energy Development (verndar- og orkunýtingaráætlun, rammaáæltun) – for assessment in terms of land protection or energy development.
Reykjavík Geothermal’s team of geoscientists carried out MT (magnetotelluric) measurements of the Bolaalda area in Ölfus, Iceland, in late 2020. Tentative findings indicate a high temperature reservoir in Bolaalda that is located deeper than in the adjacent areas of Hengill and Hellisheiði.
The Abaya project in Ethiopia has been approved based on results of the ESIA.
Tullu Moye Geothermal Operations Private Limited Company has embarked on the development a 520 MW geothermal project in the Oromia Regional State with an outlay of two billion dollars.
Reykjavik Geothermal (RG) is pleased to announce the signing of final project documentation for the two landmark geothermal power projects in Ethiopia, Tulu Moye and Corbetti.