On the 20th of August 2020 a town council meeting was held where the Öfus municipality in Iceland approved Reykjavík Geothermal’s plans to carry out reconnaissance/exploration surface study of the wider Bolaalda area.
Reykjavík Geothermal along with Tulu Moye Geothermal Operations PLC (TMGO) is excited to announce that the first geothermal exploration well in the Tulu Moye concession, known as well GA-1, has hit steam! The steam was encountered at a depth of 650 m....
The covid-19 pandemic brought a pause to the drilling operations in Tulu Moye that had started in the first week of March 2020. After monitoring the covid situation in Ethiopia and having health and safety measures ready for the upcoming situation, Reykjavík Geothermal is happy to announce that on Monday, July 6th, the drilling crew has arrived back on-site and are ready to recommence the drilling of well GA-1, the first exploration well in the long-awaited Tulu Moye Geothermal project.
Corbetti Geothermal PLC is developing a geothermal power project in the Corbetti caldera in Ethiopia. Reykjavik Geothermal (RG) along with Berkeley Energy (BE), are the principal participants in the project. Reykjavik Geothermal is pleased to announce this...
May 22, 2020 marked a monumental shift for the geothermal sector of Ethiopia. The cabinet of Ethiopia, known as the Council of Ministers, came into agreement to send the Geothermal Proclamation Amendment to the Federal Parliamentary Assembly of Ethiopia for review....
The Tulu Moye Geothermal Project has been granted a $10 million concessional senior loan from the Clean Technology Fund. This loan will go towards the development of the first phase of the project – a 50 MW geothermal power plant. Ultimately, the project will generate 150 MW towards the baseload electricity needs of the Ethiopian Electricity Grid