Ethiopia:

Ethiopian Project Receives up to $5.6 Million from Geothermal Risk Mitigation Fund (ThinkGeoEnergy)

Developer Reykjavik Geothermal has announced it has received $5.6 million for the work on its first stage of its Corbetti geothermal power project in the South of Ethiopia.

In the fall of last year, the company announced signing an agreement with the country of Ethiopia for the development of geothermal power projects of up to 1,000 MW in power generation capacity.

The funding just received comes from the Geothermal Risk Mitigation Facility (GRMF) set up by the African Union, the EU Development Fund for Africa and the German Development Agency in cooperation with German development bank KfW.

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