Reykjavik Geothermal, the Icelandic power-plant builder, plans to begin drilling in Ethiopia by July as part of a $2 billion project to develop the renewable energy source, Chief Operating Officer Gunnar Orn Gunnarsson said.
ADDIS ABABA: Ethiopia signed a US$4 billion deal Wednesday with American-Icelandic company Reykjavik Geothermal to develop a 1000-megawatt geothermal farm, officials said. When completed, the project to provide energy for both local consumption and export will be the...
The signing ceremony at the Sheraton Addis officially launches the establishment of Corbetti Geothermal Power as an Ethiopian based company for geothermal development and operations. The total cost of the power project is 4 billion USD.
Minister H.E. Dr. Michael Debretsion were both in attendance today to announce the first independent power project in Ethiopia’s history. The 1000MW Corbetti geothermal plant will be built in two 500MW stages and is expected to be the largest geothermal facility in of Africa, at a cost estimated at $4 billion over an 8-10 year construction period. Reykjavik Geothermal, a US-Icelandic private developer, will build and operate the power plant, located at Corbetti Caldera, considered a top geothermal resource by the team of Icelandic and Ethiopian geoscientists that have investigated the region.
The Government of Ethiopia and Reykjavik Geothermal (RG) today announced an agreement to build and operate up to 1000 MW of geothermal power in two 500 MW phases. Reykjavik Geothermal, a US – Icelandic development company, has been working with the Ethiopian Electric Power Corporation (EEPCO) and various government ministries for the past two years to finalize the power purchase agreement.
During the first half of 2013, ICEIDA, along with geothermal consultants from Iceland Geosurvey (ISOR), cooperated with the European Union Delegation in Rwanda and the Great Lakes Energy Authority (EGL) in the preparations of a regional geothermal exploration project in the Bugurama/Ruzizi region in Burundi/Rwanda/DRC.