Wednesday, December 2, 2015

Ethiopia: Reykjavík Geothermal Awarded $1 Million for Exploration at Tulu-Moye Geothermal Prospect

AUC signs grant agreement with Reykjavik Geothermal (AUC)

The African Union Commission (AUC), through its’ Department of Infrastructure and Energy, and Reykjavik Geothermal ehf signed a Grant Contract for financial support - totaling USD1,314,000, to conduct surface study activities at the Reykjavík Geothermal ehf owned Tulu-Moye geothermal prospect located in Ethiopia.

The Grant Contract was signed by the AUC Commissioner for Infrastructure and Energy, Dr. Elham M. A. Ibrahim, and Mr. Jón Örn Jónsson, on behalf of Reykjavik Geothermal ehf, at the AUC headquarters.

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