Project Updates

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.

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.

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.

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.