Corbetti Geothermal and its sponsors – InfraCo Africa (a PIDG company), Berkeley Energy who manage the Africa Renewable Energy Fund, Iceland Drilling and Reykjavik Geothermal – have signed a new Power Purchase Agreement (PPA) and Implementation Agreement (IA) with the Government of Ethiopia (GoE) and Ethiopian Electric Power (EEP). The power will be coming from the Corbetti geothermal power plant located in the Oromia region.
The PPA and IA signed will allow the project to move into the next phase of implementation, and to commence the drilling program.
Corbetti will be developed in two phases over a five year period. The first phase involves a 50 MW power plant, which is expected to become operational in 2023. The second phase will consist of an additional 100 MW power plant and facilities. Whilst the overall size of the project has been reduced; totaling 150 MW from 520 MW, the full Corbetti program will enable the GoE to meet 18% of its 2025 geothermal generation target.
Country updates
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December 31, 2019
ACWA Power, Ethiopian Electric Power sign PPAs for 250 solar projects
ACWA Power,a leading international developer and operator of power generation and water desalination projects signed two long-term power purchase agreements (PPA) with Ethiopia’s state-owne...
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September 20, 2019
Contract award for 250 MW solar PPP contract in Ethiopia
Saudi Arabia’s energy firm ACWA Power has been awarded USD 300 million worth solar contract to develop two photovoltaic plants with a combined capacity of 250 MW after its bid was approved by th...
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May 13, 2019
Ethiopia adds two more projects for Off Scaling Solar Round 2 tender
The Public-Private Partnerships Directorate General (PPP-DG) within the Ministry of Finance of the Government of Ethiopia has expanded the initially launched Request for Pre-Qualification (RFQ) f...
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May 09, 2019
Tulu Moye Geothermal Operations Plc seeks EPC contractor for the first phase of 520 MW geothermal project
A request for expressions of interest has been issued by Tulu Moye Geothermal Operations Plc for an engineering, procurement and construction (EPC) contractor for the 50 MW first phase of the 520 MW T...
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May 02, 2019
RFQ issued for renewable Scaling Solar Round II project in Ethiopia
Ethiopia’s Public-Private Partnerships Directorate General within the Ministry of Finance issued an RFQ for four renewable Scaling Solar Round II energy projects auction program. The f...
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