Tuesday, July 28, 2015


Ethiopian Government and Reykjavik Geothermal Expected to Sign Agreement to Launch the Second, 500 MW, Phase of Corbetti Geothermal Project (Independent Online)

During United States President Barack Obama’s historic visit to Ethiopia, the Ethiopian government and the US-Icelandic Firm Reykjavik Geothermal signed a construction agreement on Monday to kick off the first 500 Megawatt (MW) phase of the 1,000 MW Corbetti Geothermal Project.

Today, the Ethiopian government and Reykjavik Geothermal are expected to sign an agreement to launch the second, 500 MW, phase of the geothermal project. The whole project is expected to take 8 to 10 years to complete.

Edward Njorge from Corbetti Geothermal Project said Monday that, after tough negotiations they agreed on all terms, making for a good business deal, while boosting the country’s renewable energy endeavour.

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