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Adapted PPA and implementation agreement for Tulu Moye geothermal project, Ethiopia

Signing ceremony with government and company representatives, Addis Ababa/ Ethiopia, March 31, 2020 (source: TMGO)
Alexander Richter 1 Apr 2020

The Tulu Moye geothermal project has signed an adapted power purchase agreement and implementation agreement with the state power company and the Ministries of Finance and the Ministry of Water, Irrigation and Electricity.

Reported yesterday, Tulu Moye Geothermal Operations (TMGO), one of the first independent energy company in Ethiopia has signed a Power Purchase & Implementation Agreement with Ethiopian Electric Power, Ministries of Finance and Water, Irrigation and Electricity. The signing ceremony was held at Hyatt Regency here in Addis Ababa, Ethiopia.

Ethiopian Electric Power (EEP), Ministry of Finance and Economic Cooperation (MoFEC) & Ministry of Water Irrigation and Energy (MoWIE) signed the updated PPA & IA Agreements to allow the Tulu Moye Project to accelerate progress and investment in Ethiopia.

In speaking at the event, the Ministers pointed out this as a demonstration of Ethiopia’s commitment to inviting and engaging private sector investment.

Source : TMGO via Instagram