Daily Ethiopian News October 15, 2020 | Unexpected news heard about Ethiopians who are in Saudi Arabia. DFC’s grant will enable project development and accelerate the schedule to design the 50-megawatt geothermal power plant.
According to a press release of the corporation, the project will be the country’s first independent power project and one of the largest geothermal power plants in Ethiopia, a country with substantial untapped geothermal resources that can provide significant base load power.
“DFC will help to shape the design of the project by utilizing one of our new development tools: technical assistance,” DFC Chief Executive Officer Adam Boehler is quoted as saying. “This project will help Ethiopia to tap a critical resource for its economic growth.”
The Ethiopian company TM Geothermal Operations PLC (TMGO) is developing the Tulu Moye Project, which is approximately 100 kilometers southeast of Addis Ababa.
- Ethiopian News