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Iceland's Reykjavík Geothermal is close to reach a deal with the state owned utility company, Ethiopian Electric Power Corporation (EEPCo) for a Power Purchasing Agreement (PPA).
Reykjavík Geothermal has made an important stride in developing the Corbetti Geothermal Power Project in Southern Ethiopia. The Company has already invested over USD 4 million for geothermal exploration licenses, geological feasibility surveys, environmental and Social Impact Assessment and Environmental Management Plan. Reykjavík acquired geothermal exploration licenses covering an area of more than 650sqm. An area of 200sqm, in which temperatures reaching up to 350°C have been identified.
The Corbetti Geothermal Power Project will be able to produce 300 MWe. Aluto Langano is the only geothermal power plant in Ethiopia generating about 7.3 MWe at the time of its installation in the 1990's. Development of additional geothermal project is planned with generating capacity of 35 to 75 MWe of energy at a similar field in Langano.
