News & Updates

The AUC Commissioner for Infrastructure and Energy Dr. Elham M. A. Ibrahim congratulated the Reykjavik Geothermal ehf for securing this Grant and their achievement in geothermal development, which will contribute to improving the quality of life of the people of Ethiopia.

Today 30 November 2015 Reykjavik Geothermal signed grant agreement with the Geothermal Risk Mitigation Facility (GRMF) for the Tulu Moye Geothermal Development Project in Ethiopia and first disbursement request was handed in.

The Facility aims to increase production of clean and reliable energy to supply power grids in Eastern Africa by attracting public and private developers and to mobilise finance for the construction of geothermal power plants. The Facility provides grants to co-finance surface studies and exploration drilling programmes for public and private developers.

Reykjavik Geothermal CEO, Mr Gudmundur Thoroddsson, was invited to speak at The Ethiopia Summit held by the Economist on "Driving continued growth" in Addis Ababa 28-29 October, 2015.

RG Chief Executive Officer Mr Gudmundur Thoroddsson attended and represented the company at the United Nations seventh Climate Week held 21-28 September 2015 in New York City. The Climate Week NYC brings together influential global figures and new voices from the worlds of business, government and society who are leading the low carbon transition. The Climate Week has become the home to events, activities and high-profile meetings across NYC.

Reykjavik Geothermal was one of the sponsors of the Arctic Circle Assembly held in Reykjavik, 15-18 October, 2015. The Arctic Circle is designed to increase participation in Arctic dialogue and strengthen the international focus on the future of the Arctic.