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

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

Tulu Moye Project Updates

Bloomberg: The $4.4 Billion Energy Plan for Ethiopia

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

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...

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.