by Reykjavik Geothermal | Oct 15, 2020 | Project Updates, Tulu Moye
A commitment of $1.5 million USD has been made to the Tulu Moye Geothermal Project by the US Development Finance Corporation. The investment will go towards the technical development of the Tulu Moye Geothermal Power Plant, in Ethiopia. The first phase of the...
by Reykjavik Geothermal | Jul 29, 2020 | Project Updates, Tulu Moye
Reykjavík Geothermal along with Tulu Moye Geothermal Operations PLC (TMGO) is excited to announce that the first geothermal exploration well in the Tulu Moye concession, known as well GA-1, has hit steam! The steam was encountered at a depth of 650 m....
by Reykjavik Geothermal | Jul 6, 2020 | Project Updates, Tulu Moye
The covid-19 pandemic brought a pause to the drilling operations in Tulu Moye that had started in the first week of March 2020. After monitoring the covid situation in Ethiopia and having health and safety measures ready for the upcoming situation, Reykjavík...
by Reykjavik Geothermal | Jun 16, 2020 | Corbetti, Project Updates, Tulu Moye
May 22, 2020 marked a monumental shift for the geothermal sector of Ethiopia. The cabinet of Ethiopia, known as the Council of Ministers, came into agreement to send the Geothermal Proclamation Amendment to the Federal Parliamentary Assembly of Ethiopia for review....
by Reykjavik Geothermal | Apr 21, 2020 | Project Updates, Tulu Moye
The Tulu Moye Geothermal Project has been granted a $10 million concessional senior loan from the Clean Technology Fund. This loan will go towards the development of the first phase of the project – a 50 MW geothermal power plant. Ultimately, the project will...
by Reykjavik Geothermal | Mar 13, 2020 | Project Updates, Tulu Moye
March 4, 2020 marked the commencement of exploration drilling for the Tulu Moye Geothermal Project where three exploration wells will be drilled in the project area located in the Oromia Region, Ethiopia. This long-awaited milestone was spearheaded by the independent...
