Reykjavik Goethermal Agreed to Build a 1,000 MW Plant in Ethiopia

Reykjavik Goethermal Agreed to Build a 1,000 MW Plant in Ethiopia

Icelandic company Reyjkavik Goethermal that helped build geothermal power plants in more than 30 countries agreed to develop a 1,000 MW plant in Ethiopia over the next ten years. The project should spend up to 4 billion dollars, and the first test wells will be constructed early next year. By 2015, the facility will have

Icelandic company Reyjkavik Goethermal that helped build geothermal power plants in more than 30 countries agreed to develop a 1,000 MW plant in Ethiopia over the next ten years.

The project should spend up to 4 billion dollars, and the first test wells will be constructed early next year. By 2015, the facility will have its first 10 MW, and by the end of 2018 a total of 500 MW. The second phase should have another 500 MW. The and electricity produced will be purchased by the Ethiopian Electric Power Company during the 25-year contract. It is currently the largest project of its kind in Africa.

Great Rift Valley in East Africa, which spans eight countries has the potential of geothermal energy by almost 20 GW. This could be the first of many such projects in Africa.

Renewable Energy Projects in Bosnia and Herzegovina