The US Trade and Development Agency (USTDA) has awarded a grant to an Ethiopia-based company TM Geothermal Operations Private Limited Company (TMGO), to coordinate a feasibility study supporting the development of the first 50MW of a planned 520MW Tulu Moye Geothermal project in the Main Ethiopian Rift.
“USTDA is pleased to support this important project which will foster energy diversification and improve access to affordable and reliable electricity in Ethiopia,” said Thomas R. Hardy, USTDA’s director of congressional and public affairs.
Hardy added: “This study will also create opportunities for U.S. companies in Ethiopia’s growing geothermal sector.”
The study will be conducted by US firm, Delphos International, which has expertise in supporting power sector development and financing from its work across 35 countries.
In December 2017, Ethiopian Electric Power signed implementation agreements and power purchase agreements allowing the private sector to develop the Corbetti and Tulu Moye geothermal projects.
These agreements will support 1,000MW of geothermal power generation and over $4 billion of private investment in Ethiopia. Read more: The Big Question | geothermal training
Tulu Moye geothermal project
Chief executive officer of TMGO, Darrell Boyd, commented: “By enabling TMGO to progress technical, environmental, legal, and financial work streams for the Tulu Moye geothermal project, USTDA’s study is a key component to its success.”
Managing director of Delphos International, Slav Gatchev, added: “Delphos and its leading US subcontractors look forward to delivering a bankable package to the grantee so that this landmark project may move forward expeditiously.”
Chargé d’Affairs for the US Embassy in Addis Ababa Troy Fitrell said: “The United States has a long history of working to support Ethiopia’s economic development. And as Ethiopia strives to develop light-manufacturing and other industries, few things will be as important to the country’s success as having sufficient, reliable, and affordable power.”
He added: “This project brings together a US firm and an Ethiopian company – an example of how private-sector collaboration between our countries can achieve shared goals for mutual benefits.”