The USD 4.4 billion energy plan for Ethiopia
Reykjavik Geothermal, a power developer backed by hedge fund billionaire Paul Tudor Jones II, is about to kick off a USD 4.4 billion project to bring volcanic energy to Ethiopia.
BY BLOOMBERG NEWS
Tapping long-built Icelandic expertise in channeling volcanic power, the developer is preparing to start exploration drilling in September for two 500-megawatt plants in Corbetti and Tulu Moye, south of the capital Addis Ababa. At full-scale, each project would become the largest independent power producer in Africa, according to RG.
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