Thursday, June 21, 2018

Ethiopia: More Funding for 10 MW Tendaho Geothermal Power Project

French Development Agency Provides 18 Million Euros For Urban And Geothermal Development In Ethiopia (

A signing ceremony of two grant agreements took place at the Ministry of Finance and Economic Cooperation (MoFEC) between Admasu Nebebe, Ethiopian State Minister of Finance and Economic Cooperation, Frederic Bontems, Ambassador of France to Ethiopia and Mr Ignace Monkam-Daverat, the French Agency for Development (AFD) Regional Manager in Addis Ababa, for a total of 18 million euros.

With the second agreement, 8 million euros grant will be provided in contribution to the Tendaho Geothermal Development Project. It is funded by the European Union, through the European Union Africa Infrastructure Trust Fund (EU-AITF). This investment grant constitutes an additional funding to this project, which already benefited from a 9 million euros concessional loan from AFD and a total of 7,5 million euros from previous EU-AITF grants. The financing will enable to complete the drilling activities planned as part of the geothermal exploration and development effort in the Afar region.

The activities will focus on developing a shallow reservoir in Tendaho in order to allow a sustainable exploitation with a capacity of an estimated 10 MW, and on exploiting a deep reservoir by drilling wells at great depth.

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