Middle East
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Project Updates
PRESS RELEASE: Reykjavik Geothermal – Addis Ababa, December 19th 2017
Reykjavik Geothermal (RG) is pleased to announce the signing of final project documentation for the two landmark geothermal power projects in Ethiopia, Tulu Moye and Corbetti. At a joint signing ceremony in Addis Ababa today, Tulu Moye Geothermal signed a 520 MW...
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...
NEWENERGYEVENTS – Fortune favors the bold: St. Vincent moves swiftly to develop geothermal
In a region which has struggled to get its geothermal ducks in a row, everything appears to be coming together in Saint Vincent and the Grenadines, for what could be the first geothermal project built in the Caribbean in 30 years. “There’s no reason we should be the...
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,...
