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.
