The TMGO Board of Directors paid a visit to the TMGO office in Addis Ababa this month for a Quarterly Board Meeting.
The Directors were also joined by Mr. StephaneNoirie, who is the WorldWide Asset Management Director of Meridiam.
The Board was updated on the progress of the project through an extensive and detailed board report put together by the TMGO team. During the board meeting, there was a concentrated focus on the project’s progress on civil, water and road infrastructure works. Also, the TMGO team was very firmly and clearly tasked with improving progress to improve community transport links, creation of jobs and employment and supporting the geothermal drilling to commence in August 2019.
The Board was also briefed on the geothermal drilling tenders’ negotiations following the four-day meeting of drilling tender negotiations held in Addis Ababa last month. They expressed their continued support in making progress and avoiding delays in the project by committing continued investment and funding to TMGO, regardless if parliamentary ratification and contract effectiveness is achieved for the forthcoming month
The board visit coincided with the presidential visit of His Excellency President Emmanuel Macron of France who paid his first visit to Ethiopia and met with His Excellency Prime Minister Dr. Abiy Ahmed. In addition, the CEO and Founder of Meridiam, Mr. Thierry Deau was part of the French presidential delegation and attended the state dinner that evening. In relation to this, Meridiam’s investment in geothermal project in Ethiopia was mentioned on a live coverage press conference held with H.E. Dr. Abiy Ahmed on national television.