Tulu Moye Geothermal
The first IPP project in Ethiopia brings together leading geothermal players from Africa and Iceland
Tapping Into Ethiopia’s Potential
High-enthalpy resources, a rising population, and an average GDP growth of 16% per year since 2005 make Ethiopia an ideal location for geothermal development.
The Tulu Moye project is breaking new ground for the people of Ethiopia and the green energy movement alike.
More About Tulu Moye Geothermal
Tulu Moye Geothermal has commenced construction. Phase one drilling is expected to finish before 2023, with a planned commercial operation date before 2027.
Fully Licensed with All Permits Secured
All approvals for the Tulu Moye project have been secured, with environmental, social, and governance work successfully completed.
Geothermal Surface Exploration Completed
Extensive geological surveying in the region indicates high-temperature geothermal resources, estimated at 1500–2000 MW each.
Strong Geothermal Development Partners
Reykjavik Geothermal is working closely with Ethiopian Electric Power, under an agreement backed by the Government of Ethiopia.
Fully Equity Financed
RG has partnered with Meridiam, a global asset management firm that develops, finances, and manages long-term public infrastructure projects.
Companies Involved
Tulu Moye Project Updates
US International Development Finance Corporation invests $1.5 million to the Tulu Moye Geothermal Project
A commitment of $1.5 million USD has been made to the Tulu Moye Geothermal Project by the US Development Finance Corporation. The investment will go towards the technical development of the Tulu Moye Geothermal Power Plant, in Ethiopia. The first phase of the...
First Steam Encountered in Tulu Moye well GA-1
Reykjavík Geothermal along with Tulu Moye Geothermal Operations PLC (TMGO) is excited to announce that the first geothermal exploration well in the Tulu Moye concession, known as well GA-1, has hit steam! The steam was encountered at a depth of 650 m....
Drilling in Tulu Moye: Covid-19 Update
The covid-19 pandemic brought a pause to the drilling operations in Tulu Moye that had started in the first week of March 2020. After monitoring the covid situation in Ethiopia and having health and safety measures ready for the upcoming situation, Reykjavík...
Geothermal Proclamation Amendment approved by the Government of Ethiopia
May 22, 2020 marked a monumental shift for the geothermal sector of Ethiopia. The cabinet of Ethiopia, known as the Council of Ministers, came into agreement to send the Geothermal Proclamation Amendment to the Federal Parliamentary Assembly of Ethiopia for review....
The Clean Technology Fund approves a $10 million loan to Tulu Moye Geothermal Project
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 generate...
Drilling officially started for Tulu Moye Geothermal Project
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...
Our Projects
We have 7 current projects—2 in construction and 5 in development. From Mexico to Ethiopia, we are actively developing some of the most massive geothermal sites on Earth.
