Ethiopia: Shareholder agreement signed for Corbetti

Issue 362 - 01 Feb 2018 | 2 minute read

InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), announced on 18 January that a shareholders’ agreement has been signed with Berkeley Energy for the 520MW Corbetti geothermal project. The agreement doubles InfraCo’s equity commitment to the project to $30m; $25m equity finance and $5m in standby equity, representing around 20% of the funding required to begin the drilling of up to six exploration wells this year and building a 10-20MW pilot plant in 2019.

Tagged with:

Pin Power

Pin Ethiopia

Want to read more?

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map