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.
