Bloomberg: The $4.4 Billion Energy Plan for Ethiopia Press Release: St. Vincent Geothermal Project The Reporter: Company Embarks on USD 2 bln Geothermal

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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... Read more

Press Release: St. Vincent Geothermal Project

Signing of Drilling Contract
St. Vincent Geothermal Company Limited (SVGCL) and Jardboranir hf. (Icelandic Drilling Company, IDC) have today, November 29th 2018, signed a drilling contract for drilling 4 wells in St. Vincent and the Grenadines. The contract was signed by Sigurd... Read more

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 Reg... Read more

GRMF for Eastern Africa: AUC Signing GRMF Grant Agreement with Reykjavik Geothermal in Ethiopia

On 10 April 2018, the AUC signed another GRMF Grant Contract for the Abaya surface study project of Reykjavik Geothermal in Ethiopia. The agreement was signed by the AUC Commissioner for Infrastructure and Energy, H.E. Dr Amani Abou-Zeid, and the Cou... Read more

The Government of Ethiopia and Ethiopian Electric Power sign key agreements with Corbetti Geothermal plc.

19 December 2017. Addis Ababa, Ethiopia: Corbetti Geothermal plc (Corbetti), the Government of the Federal Democratic Republic of Ethiopia (GoE) and Ethiopian Electric Power (EEP) today signed an implementation agreement (IA) and a power purchase agr... Read more

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... Read more

PRESS RELEASE: Reykjavik Geothermal - Addis Ababa, December 19th 2017

Reykjavik Geothermal (RG) is pleased to announce the signing of final project documentation for the two landmark geothermal power projects in Ethiopia, Tulu Moye and Corbetti. At a joint signing ceremony in Addis Ababa today, Tulu Moye Geothermal si... Read more

UNECA - Green approach to closing Africa’s huge infrastructure gap has immense benefits

Addis Ababa, 23 October 2017 (ECA) - Following a green approach to closing Africa’s huge infrastructure gap can create public and private value with co-benefits across a diverse range of stakeholders and goals, says Linus Mofor, Senior Environmental ... Read more

Addis Fortune - Ethiopia: Geothermal Energy Heats Up With Royalty Payment Exemption

By Tesfa Mogessie Royalty payments are still required in all non-renewable energy sectors The newly approved bill on geothermal resources exempts royalty payments for companies engaged in thermal resource development and exploration in the country.... Read more

NEWENERGYEVENTS - Fortune favors the bold: St. Vincent moves swiftly to develop geothermal

In a region which has struggled to get its geothermal ducks in a row, everything appears to be coming together in Saint Vincent and the Grenadines, for what could be the first geothermal project built in the Caribbean in 30 years. “There’s no reason ... Read more


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