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Steam rising from the ground is evidence of the tremendous geothermal potential in the Corbetti caldera.
July 30, 2015

Addis Ababa, Ethiopia - During President Barack Obama's visit to Ethiopia this week, Ethiopian Electric Power and Corbetti Geothermal Plc signed Ethiopia’s first independent power purchase agreement for up to 500 megawatts (MW) of clean geothermal power from the Corbetti geothermal source. Investors in the Corbetti geothermal project include Power Africa partner Reykjavik Geothermal, Power Africa partner Berkeley Energy, and Iceland Drilling.

Ethiopian Electric Power is also in negotiations to sign a heads of terms agreement with Reykjavik Geothermal further detailing a previous agreement to develop an additional 500 MW in the Tulu Moye and Abaya areas. Together, these two agreements have the potential to generate up to 1,000 MW in new power for Ethiopia, enough to provide power for up to two million households.   

November 25, 2013

Project Mercy in partnership with the U.S. Government, through the United States Agency for International Development (USAID), today provided its first round of pregnant cross-bred dairy heifers to five selected household dairy farmers in the Chacha District of the Northern Shewa Zone, Amhara Region.

November 22, 2013

Members of the East Coast Impact Angel Network (EIAN) agreed to invest into METAD, an Ethiopian specialty coffee company in October 2013. METAD will use the investment to establish a coffee processing facility on its coffee farm located near Yirgacheffe in the district of Hambela in the Oromia Region of Ethiopia.

November 21, 2013

The U.S. Government, through the United States Agency for International Development (USAID), today kicked off the first of 14 events known as "School Milk Days" at the Wushawushign Primary School in the Amhara Region. 

November 14, 2013

The U.S. Government joined with the Ethiopian Pulses, Oilseeds and Spices Processors and Exporters Association (EPOSPEA) and other industry leaders and stakeholders as a major sponsor for the third international conference on pulses, oilseeds and spices, one of the largest segments of the agricultural sector.

November 13, 2013

The U.S. Government, through the United States Agency for International Development (USAID), signed a partnership agreement on November 13 to improve urban emergency preparedness and response in Addis Ababa.

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Last updated: July 30, 2015

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