The U.S. Trade and Development Agency has awarded a grant to TM Geothermal Operations Private Limited Company (TMGO), an Ethiopia-based company, to coordinate a feasibility study supporting development of the first 50 MW of the Tulu Moye Geothermal project in the Main Ethiopian Rift.
The study will be conducted by U.S. firm, Delphos International, Ltd. TMGO is owned by Meridiam, a leading global infrastructure fund manager, and Reykjavik Geothermal, a specialized developer with long-standing presence in Ethiopia.
In December 2017, Ethiopian Electric Power signed implementation agreements and power purchase agreements allowing the private sector to develop the Corbetti and Tulu Moye geothermal projects. These historic agreements support 1,000 MW of geothermal power generation and over US$4 billion of private investment in Ethiopia.
Country updates
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May 31, 2018
Denmark to finance wind project in Ethiopia
The Governments of Ethiopia and Denmark have signed a financing arrangement to support the 100 MW Assela wind farm, located on the edge of the Rift Valley, 150km nor...
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May 09, 2018
EEP has launched an invitation to bid for interested party to develop the hydro project
EEP has launched an invitation to bid for interested party to develop the hydro project. The chosen developer will finance, design, procure, construct, commission, operate and transfer the project wit...
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March 21, 2018
Ethiopian Electric Power has invited bids to design, build, finance, own and operate the project
Ethiopian Electric Power has invited bids to design, build, finance, own and operate the project. EEP will enter into a long-term Power Purchase Agreement (PPA) with the successful bidders for the entire capacity and electrical output of the projects
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January 18, 2018
InfraCo Africa has signed a Shareholders Agreement with Berkeley Energy with the increased stakes acquisitiion
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January 18, 2018
InfraCo Africa doubles its commitment to the project from US$15m to US$30m of equity investment
