News & Updates
Bloomberg – Reykjavik Plans to Start $2 Billion Ethiopian Power Project
Reykjavik Geothermal, the Icelandic power-plant builder, plans to begin drilling in Ethiopia by July as part of a $2 billion project to develop the renewable energy source, Chief Operating Officer Gunnar Orn Gunnarsson said.
REUTERS – Ethiopia to get $4 billion investment for leap into geothermal power
Reykjavik Geothermal, whose Icelandic geothermal expertise is backed by U.S. investors, signed a deal with Ethiopia on Wednesday to construct a 1,000 MW geothermal power plant, Africa's largest, in the volcanically active Rift Valley.
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.