Jun 10, 2020
Reykjavík Geothermal’s Abaya and Tulu Moye concessions have up until now been covered by the same exploration license. The Abaya concession is located in the SNNPR (Southern Nations and Nationalities People’s Region) region, and Tulu Moye in the Oromia...
Apr 21, 2020
The Tulu Moye Geothermal Project has been granted a $10 million concessional senior loan from the Clean Technology Fund. This loan will go towards the development of the first phase of the project – a 50 MW geothermal power plant. Ultimately, the project will...
Apr 5, 2020
Early February 2020, the Bolaalda project was approved by the Icelandic National Energy Authority (Orkustofnun) and sent to the steering committee of the National Plan for Land Protection and Energy Development (verndar- og orkunýtingaráætlun, rammaáæltun) –...
Mar 13, 2020
March 4, 2020 marked the commencement of exploration drilling for the Tulu Moye Geothermal Project where three exploration wells will be drilled in the project area located in the Oromia Region, Ethiopia. This long-awaited milestone was spearheaded by the independent...
Mar 1, 2020
Reykjavík Geothermal’s team of geoscientists carried out MT (magnetotelluric) measurements of the Bolaalda area in Ölfus, Iceland, in late 2020. Tentative findings indicate a high temperature reservoir in Bolaalda that is located deeper than in the adjacent...
Dec 1, 2019
The Abaya project in Ethiopia has been approved based on results of the ESIA. area was carried out. An IFC compliant ESIA with a Stakeholder Engagement Plan (SEP) and Resettlement Policy Framework was submitted to and approved by MoWIE. Stakeholder disclosure meeting...
