Ethiopia:

Funds Made Available to Start Corbetti Geothermal Project (AllAfrica.com)

The African Union Commission (AUC) and Reykjavik Geothermal last week signed a grant agreement for financial support totaling USD 5,594,821 to drill two-reservoir confirmation wells at the Reykjavík Geothermal ehf owned by Corbetti geothermal prospect located in Ethiopia.

The grant, which was signed through AU's Department of Infrastructure and Energy, was said to be aimed at alleviating infrastructure requirements needed for proper project implementation. The signing ceremony was held at the Grand Hotel in Reykjavik, Iceland on May 26, 2014 at a Donors' Coordination meeting held by AUC to mobilize financial and technical support to the Regional Geothermal Programme as well as the Geothermal Risk Mitigation Facility (GRMF).

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