US Backs Tulu Moye Geothermal Plant

Oct 17 , 2020


Tulu Moye Geothermal Power Plant Project has secured a new grant worth 1.6 million dollars from the United States government. The geothermal power project, which will generate 150MW of power once completed, will be the first independent power project to produce power at a commercial scale. Implemented through the US International Development Finance Corporation (DFC), the funding will support the detailed design work for the new power plant at an earlier stage in the project development process. This will enable the geothermal plant to deliver the first 50MW of electricity to the Ethiopian power grid. Following the technical development, the Corporation is expected to evaluate the need for additional financing for the implementation phase of the project. Tulu Moye Geothermal Operations Plc, jointly owned by Paris-based investment firm Meridian SAS and the Icelandic geothermal development company Reykjavik Geothermal, commenced the first phase of drilling a few months ago. Established three years ago, Tulu Moye Geothermal Operations, which is expected to generate a total of 150MW of energy by 2025, is partially funded by the Geothermal Risk Mitigation Facility for Eastern Africa and the United States Trade & Development Agency.


Radar

WET MIRAGES

A booming plastic container market around the Saris area bustles with shoppers inspecting the selections. Water supply shortages have plagued the capital as an expanding population size's demand is unmet by the drops moving through the pipes. The Addis Abeba Water & Sewage Authority relies heavily on underground wells and surface water from the Legedadi, Dire and Gefersa dams. With the Authority digging 28 wells to meet the demand shortage, several parts receive water through the taps three...


Radar

LEANING LOSSES

A telephone pole gently rests aside DebreZeit road, tucked into the city's ageing infrastructure. Ethiopia's infrastructure has been under rising assault by robbers who mimic maintenance workers appointed by the state. The ones pared from theft are constantly a victim of subdued synergy between government bureaus. The International Journal of Scientific & Technology Research published a study in 2020 indicating that lack of coordination between agencies was a significant factor in delays, co...


Radar

FESTIVE MEDLEYS

Traditional holiday hymns are sung by a group of men dressed in cultural outfits with decorations made from a horse's mane around the Bole area. The early weeks of September bring with them a panoply of festivities. A soft holiday spirit glistens the streets of Addis Abeba, while roaring hordes of shoppers grappling with inflation rates near 30pc do not grace marketplaces like they used to. The tight clampdown on access to foreign currency by the Ministry of Finance which banned the import of 3...


Back
WhatsApp
Telegram
Email