HomeWorld NewsAfrica (Page 709)

Africa

Reykjavík Geothermal and the African Union will sign a USD 8 million (EUR 5.8 million, ISK 900 million) contract today allowing Reykjavík Geothermal to start drilling in the Ethiopian Rift Valley as part of two 500 MW power plants under construction. The energy produced by the power plants will be sold to the state electrical company Ethiopian Electric Power (EEP).