Since the approval of the Geothermal Proclamation Amendment by the Government of Ethiopia in May 2020, Reykjavik Geothermal is pleased to announce that the Tulu Moye Geothermal project has reached effectiveness!
In the end of 2018, Reykjavík Geothermal began a collaborative consulting project with the Icelandic companies BBA//Fjeldco law firm, Verkís Engineering and Iceland Geosurvey on a project based in Djibouti sponsored by the African Development Bank.
An EPC tender was issued for the Tulu Moye Geothermal Project at the end of November 2020, around the same time of the spudding of the second geothermal exploration well in the concession area.
The second out of three exploration wells of the Tulu Moye Geothermal Project, GA2, was spudded on November 28, 2020. The drilling of the first exploration well of the project, GA1, was completed earlier in the month on November 7th. The project area is located in the...
Corbetti Geothermal PLC is very pleased with the results of the Pre-Qualification for the provision of drilling services and material for 26 geothermal wells in the Corbetti caldera. The companies participating the ongoing tender represent some of the strongest drilling companies in the world and the result shows strong international interest in geothermal development in East Africa. The successful companies are listed in alphabetical order as the following:
A commitment of $1.5 million USD has been made to the Tulu Moye Geothermal Project by the US Development Finance Corporation. The investment will go towards the technical development of the Tulu Moye Geothermal Power Plant, in Ethiopia. The first phase of the project consists of a 50 MW geothermal power plant. With the completion of the following project phases, the project will ultimately generate 150 MW towards the baseload electricity needs of the Ethiopian Electricity Grid.