Project Clean Technology

Renewable Green Energy

Our project involves

The project involves the design, construction, commissioning and operation of a 50 MW geothermal power plant under a Build, Own, Operate and Transfer (BOOT) project financing structure. The project is the first phase of the cumulative generation capacity of 150MW being targeted by the Government of Ethiopia (GoE) which is expected to be completed by 2024. The project is located about 100 km Southeast of Addis Ababa in the Oromia Regional State covering a 588 km2 concession area with an estimated potential of 2 GW. The project will include a sub-station and 11 km transmission line to connect to an existing 132KV transmission line. Half of the costs associated with the connection to the grid of the power plant will be reimbursed by the Ethiopia Electricity Power (EEP).

About Project Sponsors

Caring minds for the People and The Planet joined with Geothermal management expertise and scientists

Meridiam was established in 2005 and is a global developer, investor and asset manager specialising in public and community infrastructure delivered through Public-Private Partnership (PPP) schemes with EUR 6.2 billion currently under management through 7 funds operating in the United States, Europe and Africa.

RG

Reykjavik Geothermal was founded in 2008 by a well experienced geothermal management and science teams. RG’s founders and staff have been involved with the development of numerous geothermal projects in Iceland. RG has been working in Ethiopia since 2010 and secured the rights (licenses, etc.) to develop geothermal power for sale to EEP

Project Photos

Photos from Biodiversity Assessment and other Project activities
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