Middle East
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Project Updates
Reykjavík Geothermal and RusHydro Agree to Cooperate in Geothermal Energy Projects
Reykjavík Geothermal announces that it signed a cooperation agreement with JSC RusHydro which defines the terms of cooperation in geothermal power projects. The parties are working together to set up a joint venture (JV) which will focus on the construction of...
Alterra Power Sells 25% of Icelandic HS Orka to Pension Funds
Following a thorough due diligence, 14 pension funds, which in recent months have examined the possible purchase of a stake in HS Energy, have decided to enter into an agreement with Magma Energy Sweden AB ("Magma Sweden"), a wholly-owned subsidiary of Alter Power...
African Development Bank visits Reykjavik Geothermal in Iceland
Representatives of the African Development Bank (AfDB) and utility companies from Djibouti, Ethiopia, Kenya, Rwanda, and Uganda attended a seminar in Reykjavik January 13–16 to support the development of clean energy along East Africa´s Rift Valley. The seminar was...
Regional Geothermal Training Workshop on Policy Development and Harmonization
The main goal of the workshop was to create a uniform policy towards geothermal utilization in terms of attracting direct foreign investment. RG was invited to contribute the company’s experience and ideas to create geothermal operations from a private sector...
Thermax and Reykjavik Geothermal teaming up on Puga development in India
Reported from India, “Thermax, a Pune-based capital goods manufacturer, is set to partner Icelandic firm Reykjavík Geothermal to set up a geothermal power project in India. A pilot 3 MW project is slated to be set up in Puga Valley in Ladakh, which is likely to be the...
