(thinkgeoenergy, Jan 2018)
InfraCo Africa, has signed a Shareholders Agreement with Berkeley Energy, committing US$30m of equity investment to the ground-breaking Corbetti Geothermal project, doubling its original commitment of US$15m.
The World Bank has issued a call for Expressions of Interest for Consultancy Services for Geothermal Sector Institutional Capacity Building Needs Assessment as part of the Ethiopia Geothermal Sector Development Project. The deadline is January 22, 2018.
Ethiopia inks its first ever power purchase agreement with private companies in an attempt to triple the nation’s electricity generation capacity to 17,000MW by 2020. The pact will enable developers to start Africa’s largest geothermal projects with an investment capital of four billion dollars.
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The newly approved bill on geothermal resources exempts royalty payments for companies engaged in thermal resource development and exploration in the country. Last week, Parliament, which was dissolved on July, 8, 2016, was summoned for an urgent session and unanimously approved a number of bills, including the “Geothermal Resources Development Proclamation 2016”.