News & Updates

The Ethiopian Radio and Television Agency ERTA reported the announcement of Mr Hailemariam Desalegn Boshe, the Prime Minister of Ethiopia - of the agreement of Reykjavik Energy and Ethiopian Electric Power Corporation EEPCo to build and operate up to 1000 MW of geothermal power in Ethiopia.

Reykjavik Geothermal, the Icelandic company that’s helped build power plants in more than 30 countries, agreed to develop as much as 1,000 megawatts of projects in Ethiopia over the next 10 years.

stjórnvöld í Eþíópíu um að byggja upp og reka allt að þúsund megawatta jarðvarmaorkuver. Fjárfestingin nemur fjórum milljörðum dollara nánast 500 milljörðum króna.

othermal energy in developing countries, and Iceland will effectively become the Bank's key partner in this field.

In Corbetti, Southern Ethiopia, RG has for the last year prepared the development of one of the world’s largest geothermal resources. This massive resource is among the world’s largest geothermal sites. RG has acquired geothermal exploration licenses covering an area of more than 6,500 km2.

Mr. Kofi Annan, the former Secretary-General of the UN and co-recipient of the 2001 Nobel Peace Prize, recently visited Iceland. Mr. Kofi Annan was particularly interested in learning about Icelandic geothermal utilization, thus he toured the Hellisheidi Power Plant with the President of Iceland, Mr. Ólafur Ragnar Grímsson.