Despite Ethiopia’s abundant energy resources, just 45 percent of the country’s population has access to electricity. The Ethiopian Government wants to change that and aims to have 100 percent electrification by 2025.
Our Solution & Impact:
The Government of Ethiopia has partnered with TM Geothermal Operations to construct the Tulu Moye Geothermal Power Plant Project. Once complete, the Tulu Moye plant will be Ethiopia’s first Independent Power Project and one of the largest geothermal plants in the country. The U.S. International Development Finance Corporation (DFC) is providing TM Geothermal Operations with $1.55 million in technical development. This grant will accelerate the design and development of the 50-megawatt geothermal power plant. The funding builds upon the U.S. Government’s history of supporting Ethiopia’s energy sector. The U.S. Trade and Development Agency (USTDA) supported a feasibility study for the project while Power Africa, a U.S. Government initiative to increase access to power in sub-Saharan Africa, helped the Government of Ethiopia develop an independent power producer framework to lower financing risks.