Tullu Moye Geothermal Operations Private Limited Company has embarked on the development a 520 MW geothermal project in the Oromia Regional State with an outlay of two billion dollars.
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.
Reykjavik Geothermal (RG) is pleased to announce the signing of final project documentation for the two landmark geothermal power projects in Ethiopia, Tulu Moye and 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”.
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.