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
The Reporter: Company Embarks on USD 2 bln Geothermal Project
Tullu Moye Geothermal Operations Private Limited Company has embarked on the development a 520 MW geothermal project in the Oromia Regional State with an outlay of two billion dollars. The Tulu Moye Geothermal project is located in the Oromia Regional State, East...
The Government of Ethiopia and Ethiopian Electric Power sign key agreements with Corbetti Geothermal plc.
19 December 2017. Addis Ababa, Ethiopia: Corbetti Geothermal plc (Corbetti), the Government of the Federal Democratic Republic of Ethiopia (GoE) and Ethiopian Electric Power (EEP) today signed an implementation agreement (IA) and a power purchase agreement...
UNECA – Green approach to closing Africa’s huge infrastructure gap has immense benefits
Addis Ababa, 23 October 2017 (ECA) - Following a green approach to closing Africa’s huge infrastructure gap can create public and private value with co-benefits across a diverse range of stakeholders and goals, says Linus Mofor, Senior Environmental Affairs Officer...
Addis Fortune – Ethiopia: Geothermal Energy Heats Up With Royalty Payment Exemption
The newly approved bill on geothermal resources exempts royalty payments for companies engaged in thermal resource development and exploration in the country. Last week, Parliament, which was dissolved on July, 8, 2016, was summoned for an urgent session and...
IFC – Ethiopia’s Full Steam Push for an Energy Breakthrough
Ethiopia needs to drill deep to achieve its goal of becoming carbon neutral by 2025. Literally. Below the country’s surface lies its energy future- over 7,000 megawatts of geothermal power potential. Geothermal energy is heat that’s generated from the earth’s core,...
AJEBNEW – Electric Power, Corbetti Geothermal Company Sign Power Purchase Agreement
Addis Ababa July 27/2015 Ethiopian Electric Power and the Corbetti Geothermal Company have signed a Power Purchase Agreement for the first 500 megawatts.The four billion USD that generates 1,000 MW by Corbetti geothermal plant will be built in two stages within 8 to10...
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.
