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November 22, 2021

Abaya Geothermal Power Plant, Ethiopia

By Carmen

Abaya Geothermal Power Plant is a 100MW geothermal power project. It is planned in Addis Ababa, Ethiopia. The project is currently in permitting stage. It will be developed in multiple phases. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2024.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Geothermal 100 100 Permitting Addis Ababa, Ethiopia Reykjavik Geothermal

Description

The project is being developed and currently owned by Reykjavik Geothermal.

Abaya Geothermal Power Plant will run at a temperature of 260 Degree Celsius.

The project is expected to generate 700.8GWh of electricity.

Development Status

The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2024.

Power Purchase Agreement

The power generated from the project will be sold to Corbetti Geothermal under a power purchase agreement at the rate of $0.695kWh.

About Reykjavik Geothermal

Reykjavik Geothermal is engaged in investment, management and consulting of global geothermal energy company. The company is headquartered in Reykjavik, Iceland.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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