News & Updates
IPS – St. Vincent’s Volcano Holds More Promise Than Peril
KINGSTOWN, Nov 12 2013 (IPS) - Weary of sky-high electricity prices, St. Vincent is following in the footsteps of another, decidedly un-tropical island nearly 4,000 miles away in its quest to harness clean geothermal power.
Jamaica Observer – St Vincent launches geothermal energy project
KINGSTOWN, St Vincent (CMC) – St Vincent and the Grenadines has launched its geothermal energy initiative that Prime Minister Dr Ralph Gonsalves believes will be a “potentially game changing initiative”.
Channel NewsAsia – Ethiopia signed a US$4 billion deal Wednesday with American-Icelandic company Reykjavik Geothermal to develop a 1000-megawatt geothermal farm, officials said
ADDIS ABABA: Ethiopia signed a US$4 billion deal Wednesday with American-Icelandic company Reykjavik Geothermal to develop a 1000-megawatt geothermal farm, officials said. When completed, the project to provide energy for both local consumption and export will be...
ERTA – 4 billion USD Corbetti Geothermal power agreement signed
The signing ceremony at the Sheraton Addis officially launches the establishment of Corbetti Geothermal Power as an Ethiopian based company for geothermal development and operations. The total cost of the power project is 4 billion USD.
Morgunblaðið – Ethiopians Trust Iceland
Michael Philipp, Board Chairman and one of the principal owners of Reykjavík Geothermal (RG), was among the guests, who attended the Arctic Circle Conference, held at Harpa Conference Centre, this past weekend.
USAID – First Power Africa Transaction Moves Forward With Landmark Agreement Between Ethiopian Government and Reykjavik Geothermal
Minister H.E. Dr. Michael Debretsion were both in attendance today to announce the first independent power project in Ethiopia’s history. The 1000MW Corbetti geothermal plant will be built in two 500MW stages and is expected to be the largest geothermal facility in of Africa, at a cost estimated at $4 billion over an 8-10 year construction period. Reykjavik Geothermal, a US-Icelandic private developer, will build and operate the power plant, located at Corbetti Caldera, considered a top geothermal resource by the team of Icelandic and Ethiopian geoscientists that have investigated the region.