Corbetti

Addis Ababa, 23 October 2017 (ECA) – Following a green approach to closing Africa’s huge infrastructure gap can create public and private value with co-benefits across a diverse range of stakeholders and goals, says Linus Mofor, Senior Environmental Affairs Officer for Energy, Infrastructure and Climate Change at the ECA’s African Climate Policy Centre (ACPC).

The newly approved bill on geothermal resources exempts royalty payments for companies engaged in thermal resource development and exploration in the country. Last week, Parliament, which was dissolved on July, 8, 2016, was summoned for an urgent session and unanimously approved a number of bills, including the “Geothermal Resources Development Proclamation 2016”.

Ethiopia needs to drill deep to achieve its goal of becoming carbon neutral by 2025. Literally. Below the country’s surface lies its energy future- over 7,000 megawatts of geothermal power potential.

Addis Ababa July 27/2015 Ethiopian Electric Power and the Corbetti Geothermal Company have signed a Power Purchase Agreement for the first 500 megawatts.