(Adapted from thinkgeoenergy, 2017)
IFC is providing $20 million in equity funding to the Africa Renewable Energy Fund (AREF) managed by Berkeley Energy, replacing an investor that stepped out. AREF is invested in the Corbetti geothermal project in Ethiopia.
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The Ethiopian Electric Power (EEP) is preparing to launch a combined tender for supplying two drilling rigs and accessories and drilling services and maintenance services for drilling of 8 -20 wells in Aluto, Ethiopia.