St. Vincent Geothermal Company Limited (SVGCL) and Jardboranir hf. (Icelandic Drilling Company, IDC) have today, November 29th 2018, signed a drilling contract for drilling 4 wells in St. Vincent and the Grenadines.
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.
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.
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.
In a region which has struggled to get its geothermal ducks in a row, everything appears to be coming together in Saint Vincent and the Grenadines, for what could be the first geothermal project built in the Caribbean in 30 years.
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.