First 50 MW of Tulu Moye geothermal project in Ethiopia targeted for 2022 completion

The past months have been significant for Tulu Moye Geothermal (TMGO). Since the Kenyan company KenGen won the drilling contract for the first phase of the Tulu Moye geothermal project in June 2019, the contract has now been signed between the two companies. The signing took place on October 23, 2019 at the Hilton Hotel in Addis Ababa between Darrell Boyd, CEO of TMGO, and Mrs. Rebecca Miano, CEO of KenGen. The contract was signed outlining USD 60 million dollars for the drilling of 12 geothermal wells, each costing USD 5-6 million. More details of this can be found here, and here

Drilling is expected to begin in January 2020, which will mark the start of the development of a 150 MW geothermal power plant with an anticipated total investment of USD 800 million. By September 2022 TMGO anticipates generating 50 MW from the first phase of the geothermal powerplant, and by 2024, be able to generate 150 MW towards the Ethiopian Electricity Grid. The 150 MW is the first part of an envisioned 520 MW of power generation from geothermal expected by TMGO.“This agreement, is a sign of mutual trust and commitment to promote geothermal energy, which encourages sustainable development in Ethiopia and Africa in general.” – Darrell Boyd, CEO, TMGO.

Established in 2017, TMGO is a shareholding of the French investment firm Meridiam SAS (51%) and the Icelandic geothermal development company Reykjavik Geothermal (49%) with the quest of unlocking the geothermal potential of Ethiopia.

Full article can be found here.

Written by Reykjavik Geothermal

More From This Category

Update: Tulu Moye Geothermal Project EPC Tender

Update: Tulu Moye Geothermal Project EPC Tender

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.

Update: Tulu Moye Geothermal Project EPC Tender

St. Vincent – Environmental and Social

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.

Update: Tulu Moye Geothermal Project EPC Tender

Corbetti Geothermal Project reaches Effectiveness from Ethiopian Government

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.