Tulu Moye Geothermal

The first IPP project in Ethiopia brings together leading geothermal players from Africa and Iceland

Tapping Into Ethiopia’s Potential

High-enthalpy resources, a rising population, and an average GDP growth of 16% per year since 2005 make Ethiopia an ideal location for geothermal development.

The Tulu Moye project is breaking new ground for the people of Ethiopia and the green energy movement alike.

Woman using drill
Iceland Geothermal Deposits
Iceland Geothermal Deposits

More About Tulu Moye Geothermal

Tulu Moye Geothermal has commenced construction. Phase one drilling is expected to finish before 2023, with a planned commercial operation date before 2027.

Fully Licensed with All Permits Secured

All approvals for the Tulu Moye project have been secured, with environmental, social, and governance work successfully completed.

Geothermal Surface Exploration Completed

Extensive geological surveying in the region indicates high-temperature geothermal resources, estimated at 1500–2000 MW each.

Strong Geothermal Development Partners

Reykjavik Geothermal is working closely with Ethiopian Electric Power, under an agreement backed by the Government of Ethiopia.

Fully Equity Financed

RG has partnered with Meridiam, a global asset management firm that develops, finances, and manages long-term public infrastructure projects.

Companies Involved

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meridiam logo
tulu moyo geothermal logo
geothermal risk mitigation facility for eastern africa

Tulu Moye Project Updates

Update: Tulu Moye Geothermal Project EPC Tender

Update: Tulu Moye Geothermal Project EPC Tender

An EPC tender was issued for the Tulu Moye Geothermal Project at the end of November 2020. Technical bids have since then been received from 7 companies to conduct EPC in Tulu Moye.  The EPC will aid the development of a 150 MW geothermal power plant with an...

EPC tender issued for Tulu Moye Geothermal Project

EPC tender issued for Tulu Moye Geothermal Project

An EPC tender was issued for the Tulu Moye Geothermal Project at the end of November 2020, around the same time of the spudding of the second geothermal exploration well in the concession area. The EPC will aid the development of a 150 MW geothermal power plant with...

Second well spudded in the Tulu Moye Geothermal Project

Second well spudded in the Tulu Moye Geothermal Project

The second out of three exploration wells of the Tulu Moye Geothermal Project, GA2, was spudded on November 28, 2020. The drilling of the first exploration well of the project, GA1, was completed earlier in the month on November 7th. The project area is located in the...

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.