Corbetti 500MW geothermal power plant

Overview:

• Corbetti 500MW geothermal power plant.
• The plant is being developed by Reykjavik Geothermal, who along with partner Rift Valley Geothermal established Corbetti Geothermal which signed a PPA for the project with Ethiopian Electric Power in July 2015.
• Reykjavik Geothermal owns 28.5% of Corbetti Geothermal with investors Berkley Energy (through Africa Renewable Energy) and Iceland Drilling holding 53.5% and 18% stakes respectively.
• The project is being developed alongside another 500MW geothermal plant at Tulu Moye.
• Ethiopia intends to have installed capacity of 37,000MW by 2037 and to become an even more prominent energy exporter.
• It is estimated that the country has 10,000MW of untapped geothermal potential. 

Sam Duke - Editor