Middle East
About This Project
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Project Updates
Abaya Geothermal Exploration Licenses
Reykjavík Geothermal's Abaya and Tulu Moye concessions have up until now been covered by the same exploration license. The Abaya concession is located in the SNNPR (Southern Nations and Nationalities People's Region) region, and Tulu Moye in the Oromia Region of...
The Clean Technology Fund approves a $10 million loan to Tulu Moye Geothermal Project
The Tulu Moye Geothermal Project has been granted a $10 million concessional senior loan from the Clean Technology Fund. This loan will go towards the development of the first phase of the project - a 50 MW geothermal power plant. Ultimately, the project will generate...
National Plan for Land Protection & Energy: Bolaalda
Early February 2020, the Bolaalda project was approved by the Icelandic National Energy Authority (Orkustofnun) and sent to the steering committee of the National Plan for Land Protection and Energy Development (verndar- og orkunýtingaráætlun, rammaáæltun) –...
Drilling officially started for Tulu Moye Geothermal Project
March 4, 2020 marked the commencement of exploration drilling for the Tulu Moye Geothermal Project where three exploration wells will be drilled in the project area located in the Oromia Region, Ethiopia. This long-awaited milestone was spearheaded by the independent...
Indicative findings from MT resistivity studies in Bolaalda, Iceland
Reykjavík Geothermal's team of geoscientists carried out MT (magnetotelluric) measurements of the Bolaalda area in Ölfus, Iceland, in late 2020. Tentative findings indicate a high temperature reservoir in Bolaalda that is located deeper than in the adjacent areas of...
