Corbetti Geothermal
A substantial, high-grade geothermal reservoir in the middle of the African Rift valley.
Introduction to Corbetti Geothermal
One of the largest IPPs in Africa, the Corbetti Geothermal project aims to develop a resource conservatively defined as a 250–300°C high-grade geothermal reservoir.
The potential of this site, combined with Ethiopia’s rising population and economic momentum, makes it an invaluable prospect.
More About Corbetti Geothermal
The drilling tender for Corbetti Geothermal is already complete. The first phase of drilling is set to begin before 2022, and the project is expected to be operational in 2027.
Ideal Geothermal Location
Like its sister project, Tulu Moye, Corbetti is also located in the Oromia region of Ethiopia, within the Main Ethiopia Rift, a volcanically active zone that is part of the East African Rift Valley.
Extensive Studies Already Completed
Geothermal surface exploration studies successfully completed and strongly indicate a high enthalpy geothermal prospect for harnessing geothermal power.
Strong Geothermal Development Partners
Reykjavik Geothermal is working closely with Ethiopian Electric Power, under an agreement backed by the Government of Ethiopia.
Exploration Underway
Corbetti Geothermal’s exploration drilling is set to begin in 2022.
Companies Involved
Corbetti Project Updates
GRMF presents first payments for the drilling grants of both Tulu Moye and Corbetti geothermal projects
Early in the first quarter (February 2021), both the Tulu Moye and Corbetti geothermal projects have received their first payments for the drilling grant established by the Geothermal Risk Mitigation Facility (GRMF) for Eastern Africa. GRMF is an...
Corbetti Geothermal Project reaches Effectiveness from Ethiopian Government
Since the approval of the Geothermal Proclamation Amendment by the Government of Ethiopia in May 2020, Reykjavik Geothermal is pleased to announce that the Corbetti Geothermal project has reached effectiveness! All of the project’s condition presidents have been...
Corbetti Geothermal Press Release: Drilling-Tender
Corbetti Geothermal PLC is very pleased with the results of the Pre-Qualification for the provision of drilling services and material for 26 geothermal wells in the Corbetti caldera. The companies participating the ongoing tender represent some of the strongest...
GEOTHERMAL DRILLING IN CORBETTI, ETHIOPIA
Corbetti Geothermal PLC is developing a geothermal power project in the Corbetti caldera in Ethiopia. Reykjavik Geothermal (RG) along with Berkeley Energy (BE), are the principal participants in the project. Reykjavik Geothermal is pleased to announce this...
Geothermal Proclamation Amendment approved by the Government of Ethiopia
May 22, 2020 marked a monumental shift for the geothermal sector of Ethiopia. The cabinet of Ethiopia, known as the Council of Ministers, came into agreement to send the Geothermal Proclamation Amendment to the Federal Parliamentary Assembly of Ethiopia for review....
Bloomberg: The $4.4 Billion Energy Plan for Ethiopia
A recent article published by Bloomberg on May 27, 2019 highlights the exciting future prospects of Reykjavik Geothermal in Ethiopia in an interview with Gunnar Orn Gunnarsson, CEO of the company. Reykjavik Geothermal, along with company shareholder Paul Tudor Jones...
Our Projects
We have 7 current projects—2 in construction and 5 in development. From Mexico to Ethiopia, we are actively developing some of the most massive geothermal sites on Earth.
