Middle East

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Project Updates

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. Reykjavik Geothermal, an...

Morgunblaðið – Ethiopians Trust Iceland

Michael Philipp, Board Chairman and one of the principal owners of Reykjavík Geothermal (RG), was among the guests, who attended the Arctic Circle Conference, held at Harpa Conference Centre, this past weekend. RG recently concluded an agreement with the Ethiopian...

ERTA – News Report

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...