Ethiopia needs to drill deep to achieve its goal of becoming carbon neutral by 2025. Literally. Below the country’s surface lies its energy future- over 7,000 megawatts of geothermal power potential.
ENGIE, the French utility, through its wholly owned subsidiary Storengy and Reykjavik Geothermal, the Icelandic geothermal development company, will jointly study the development of geothermal projects in Mexico.
MexxusRG, a Mexican company specialized in geothermal development, obtains the first exploration permit endorsed by SENER (Energy Commission) awarded to a private company. MexxusRG is a joint venture formed by Mexxus Drilling International (Mexxus), a Mexican based drilling company, and Reykjavik Geothermal (RG), an Icelandic based geothermal power Development Company. Both companies have been working together for several years in the state of Nayarit near the Ceboruco volcano completing scientific studies and feasibility work.
Addis Ababa July 27/2015 Ethiopian Electric Power and the Corbetti Geothermal Company have signed a Power Purchase Agreement for the first 500 megawatts.
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.
CG/LA Infrastructure Inc. announced the recipients of their prestigious 2015 Global Projects of the Year Awards during the 8th Global Infrastructure Leadership Forum in New York City. All projects were presented at the Leadership Forum and the winners were selected in five categories by industry executives around the world.