263

The government has signed an agreement with Reykjavik Geothermal to develop a 1,000MW geothermal project in the Corbetti area. Reykjavik will build and operate the project in two phases, with the first 500MW developed in the Corbetti Caldera. The first 10MW should be brought on line during 2015, followed by an additional 100MW in 2016, with the full 500MW scheduled to contribute to the grid by 2018. “Ethiopian scientists have been studying the area for some time. Icelandic and Ethiopian scientists have come to the conclusion it’s one the most attractive areas of the world,”