Ethiopia Procurement News Notice - 28366

Procurement News Notice

PNN 28366
Work Detail The Corbetti geothermal project , planned at Corbetti Caldera, about 250 km south of the Ethiopian capital Addis Ababa, near the city of Hawassa , will be developed in two phases, over a period of five years, with the completion of the first phase expected in 2023, Energies Media learned from Corbetti Geothermal . The announcement was made on March 31 when the electricity purchase contract and the Implementation Agreement for the project were signed . The documents were signed by Corbetti Geothermal and its sponsors - InfraCo Africa ( PIDG development fund), Berkeley Energy which manages the Africa Renewable Energy Fund, Iceland Drilling (Icelandic geothermal drilling specialist) and Reykjavik Geothermal (Icelandic development company geothermal projects) - with the Ethiopian government and the public electricity operator in Ethiopia Ethiopian Electric Power (EEP). Corbetti Geothermal plans to benefit from the support of the Geothermal Risk Mitigation Facility for Eastern Africa ( GRMF ) for an initial drilling program of four to six assessment wells . The company then intends to raise debt financing to drill four to seven additional wells and build a 50 MW plant, which is expected to be operational in 2023. The second phase aims to bring a 100 MW plant into operation with associated installations, for an overall project size of 150 MW. According to the project leaders, once the two phases are completed, Corbetti Geothermal will contribute 18% to the objectives of the Ethiopian government in terms of geothermal production by 2025
Country Ethiopia , Eastern Africa
Industry Energy & Power
Entry Date 26 Jun 2020

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