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.
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
Tulu Moye Project Updates
First 50 MW of Tulu Moye geothermal project in Ethiopia targeted for 2022 completion
The past months have been significant for Tulu Moye Geothermal (TMGO). Since the Kenyan company KenGen won the drilling contract for the first phase of the Tulu Moye geothermal project in June 2019, the contract has now been signed between the two companies. The...
Bloomberg: The $4.4 Billion Energy Plan for Ethiopia
A recent article published by Bloomberg on May 27, 2019 highlights the exciting future prospects of Reykjavik Geothermal in Ethiopia in an interview with Gunnar Orn Gunnarsson, CEO of the company. Reykjavik Geothermal, along with company shareholder Paul Tudor Jones...
The Reporter: Company Embarks on USD 2 bln Geothermal Project
Tullu Moye Geothermal Operations Private Limited Company has embarked on the development a 520 MW geothermal project in the Oromia Regional State with an outlay of two billion dollars. The Tulu Moye Geothermal project is located in the Oromia Regional State, East...
Press Release: The Government of Ethiopia signs Agreements on 500 Megawatt Project in Tulu Moye
December 19, 2017: The Government of Ethiopia, Ethiopian Electric Power and Tulu Moye Geothermal, a joint venture between Meridiam and Reykjavik Geothermal (RG) finalized the contracts for the 520 megawatt geothermal power project in Tulu Moye, today. The project...
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.
