Since the approval of the Geothermal Proclamation Amendment by the Government of Ethiopia in May 2020, Reykjavik Geothermal is pleased to announce that the Corbetti Geothermal project has reached effectiveness! All of the project’s condition presidents have been fulfilled, and the project is ready to move forward at full steam ahead.
The Corbetti Geothermal Project is the sister project to the Tulu Moye Geothermal Project, with the aim to also develop a 150 MW geothermal power plant. This will be done in cooperation with Meridiam SAS which was shared in an earlier article, the same company involved in the Tulu Moye Geothermal Project which also reached effectiveness in December 2020. Exploratory drilling in Corbetti is expected to begin in Corbetti in Q4 2021. Ultimately, the project will generate 150 MW towards the baseload electricity needs of the Ethiopian Electricity Grid.
