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November 12, 2021

Corbetti Geothermal Power Project, Ethiopia

By Carmen

Corbetti Geothermal Power Project is a 150MW geothermal power project. It is planned in Oromia, Ethiopia. The project is currently in permitting stage. It will be developed in multiple phases. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2023.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Geothermal 150 150 Permitting Oromia, Ethiopia Corbetti Geothermal

Description

The project is being developed by Corbetti Geothermal. Berkeley energy, InfraCo Africa and Reykjavik Geothermal are currently owning the project.

Corbetti Geothermal Power Project will run at a temperature of 250 Degree Celsius.

The project cost is expected to be around $800m.

Development Status

The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2023.

Power Purchase Agreement

The power generated from the project will be sold to Ethiopian Electric Power under a power purchase agreement. The offtake capacity is expected to be 150MW.

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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