Tulu Moya Geothermal Power Plant is a 520MW geothermal power project. It is planned in Oromia, Ethiopia. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the under construction stage. It will be developed in multiple phases. Post completion of the construction, the project is expected to get commissioned in December 2024. Buy the profile here.

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Description

The project is being developed by TM Geothermal Operations. Meridiam and Reykjavik Geothermal are currently owning the project having ownership stake of 51% and 49% respectively.

Development status

Post completion of the construction, the project is expected to get commissioned in December 2024.

Power purchase agreement

The power generated from the project will be sold to Ethiopian Electric Power under a power purchase agreement. The power will be sold at the rate of $0.695kWh for a period of 25 years. The capacity to be procured is 520MW.

Contractors involved

SEPCOIII Electric Power Construction is expected to render engineering procurement construction services for the Tulu Moya Geothermal Power Plant (Tulu Moya Geothermal Power Plant Phase I).

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This content was updated on 25 January 2024

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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.