USTDA to issue grant supporting Tulu Moye geothermal project in Ethiopia
The U.S. Trade and Development Agency has announced a grant to be awarded to the Tulu Moye geothermal project in Ethiopia, a project developed by French, US and Icelandic investors.
As part of an invitation to an event set up in Addis Ababa/ Ethiopia, the U.S. Trade and Development Agency has announced a grant to be awarded to Tulu Moye Geothermal Operations Private Limited Company (TMGO). The signing of the grant will happen at an event in Addis Ababa on Monday August 27 at the Sheraton Hotel.
The grant will support initial activities toward the development of the first 50 MW of the planned 520 MW Tulu Moye Geothermal project.
The Tulu Moye geothermal project is one of the two geothermal projects, which signed PPA and implementation agreement on the development of combined up to 1,000 MW of geothermal development, as we reported late last year.
The Tulu Moye Geothermal project is led by French, US and Icelandic investors. The Tulu Moye Geothermal Project will be constructed in the area around the Tulu Moye volcano in Oromia. The site has been studied intensely by the RG team and Ethiopian scientists together for the past 3 years. The results of the study have found the area to be one of the best geothermal resources in the world and it is expected to be able to sustain more than the original 500 MW planned for the initial project. The partners at Tulu Moye are planning to have the first 50MW on line by 2020 and the full 500 MW by 2023. The full project will be a private investment into Ethiopia of more than $USD 2 billion.
Invitation details for the grant signing event:
Venue: Sheraton Addis, Semien Hall
Time: Monday, August 27, 2018 at 1:45 pm
Please RSVP to Yohannes Gezahegn (0911 512 227) or Ali Suleiman (0911509510)
We will revert on more details after the event.
Source: Africa Newsroom,