News & Updates

Icelandic government agencies and private companies will provide support to the development of geothermal energy in Africa. Preparations are being made for a regional geothermal exploration project in the Bugurama/Ruzizi region in Burundi/Rwanda/DRC. Also, earlier this month, the Icelandic International Development Agency, ICEIDA, has signed a Partnership Agreement with the Government of Ethiopia for geothermal surface exploration and capacity building. 

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.