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Project Updates

Update: Tulu Moye Geothermal Project EPC Tender

by | May 13, 2021 | Project Updates, Tulu Moye | 0 Comments

An EPC tender was issued for the Tulu Moye Geothermal Project at the end of November 2020. Technical bids have since then been received from 7 companies to conduct EPC in Tulu Moye.

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St. Vincent – Environmental and Social

by | March 15, 2021 | Project Updates | 0 Comments

The Reykjavik Geothermal drilling project in St. Vincent and the Grenadines was the first of its kind in the country. Therefore, the project was setting many precedents for environmental and social (E&S), and health and safety (H&S) standards.

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GRMF presents first payments for the drilling grants of both Tulu Moye and Corbetti geothermal projects

by | February 15, 2021 | Corbetti, Project Updates, Tulu Moye | 0 Comments

Early in the first quarter (February 2021), both the Tulu Moye and Corbetti geothermal projects have received their first payments for the drilling grant established by the Geothermal Risk Mitigation Facility (GRMF) for Eastern Africa.

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Corbetti Geothermal Project reaches Effectiveness from Ethiopian Government

by | January 20, 2021 | Corbetti, Project Updates | 0 Comments

Since the approval of the Geothermal Proclamation Amendment by the Government of Ethiopia in May 2020, Reykjavik Geothermal is pleased to announce that the Corbetti Geothermal project has reached effectiveness! All of the project’s condition presidents have been fulfilled, and the project is ready to move forward at full steam ahead.

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The Government of Ethiopia and Ethiopian Electric Power sign key agreements with Corbetti Geothermal plc.

The Government of Ethiopia and Ethiopian Electric Power sign key agreements with Corbetti Geothermal plc.

Dec 19, 2017 | ,

19 December 2017. Addis Ababa, Ethiopia: Corbetti Geothermal plc (Corbetti), the Government of the Federal Democratic Republic of Ethiopia (GoE) and Ethiopian Electric Power (EEP) today signed an implementation agreement (IA) and a power purchase agreement (PPA) for Corbetti, a pioneering geothermal power project planned to deliver up to 520MW of baseload renewable power to Ethiopia’s national grid. Following extensive collaboration with GoE and EEP, the IA and PPA signings mark a major step in the development of privately developed and financed power in Ethiopia.

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Press Release: The Government of Ethiopia signs Agreements on 500 Megawatt Project in Tulu Moye

Press Release: The Government of Ethiopia signs Agreements on 500 Megawatt Project in Tulu Moye

Dec 19, 2017 | , ,

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.

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Geothermal Risk Mitigation Facility for Eastern Africa (GRMF)

Geothermal Risk Mitigation Facility for Eastern Africa (GRMF)

Nov 20, 2015 |

The Facility aims to increase production of clean and reliable energy to supply power grids in Eastern Africa by attracting public and private developers and to mobilise finance for the construction of geothermal power plants. The Facility provides grants to co-finance surface studies and exploration drilling programmes for public and private developers.

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Civil Work starts in Corbetti Ethiopia

Civil Work starts in Corbetti Ethiopia

May 27, 2015 | ,

On May 23rd 2015 civil work started in the Corbetti Geothermal Project in Ethiopia. The Corbetti geothermal site is developed by Corbetti Geothermal PLC, a local Ethiopian company, and it is estimated that the total installation will be of 500 MW electric power. The development will be in phases. In Phase 1 there will be drilled 5 geothermal wells and installed 20 MW power plant, in Phase 2 the plant capacity will be expanded to 70 MW, in Phase 3 to 270 MW and in phase 4 to 500 MW.

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