Company News

On 10 April 2018, the AUC signed another GRMF Grant Contract for the Abaya surface study project of Reykjavik Geothermal in Ethiopia. The agreement was signed by the AUC Commissioner for Infrastructure and Energy, H.E. Dr Amani Abou-Zeid, and the Country Manager for Ethiopia, Mr. Jón Örn Jónsson, in the AUC HQ in Addis Ababa, Ethiopia on 10 April 2018. The Director for the Infrastructure & Energy Department, and Chairperson of the GRMF Oversight Committee, Mr. Cheikh Bedda, as well as the Head of the Energy Division, and GRMF Project Manager, Mr. Rashid Ali Abdallah, congratulated Mr. Jón Örn Jónsson in person for this achievement.

The Government of Ethiopia, Ethiopian Electric Power and Tulu Moye Geothermal, a joint venture between Meridiam and Reykjavik Geothermal (RG) finalized the contracts for the 520 megawatt geothermal power project in Tulu Moye, today. The project is part of a historic agreement, along with the Corbetti Geothermal project, to build 1000 megawatts of geothermal power in Ethiopia.