In April 2019, Global Construction Review reported that a Meridiam–Reykjavik Geothermal venture tendered contractors for Tulu Moye, pitched as a path toward a $2 billion, 520 MW geothermal complex in Ethiopia’s Rift Valley, starting with a 50 MW first phase.
Geothermal fits Ethiopia’s clean-power story: baseload electricity without the rainfall anxiety that dogs hydropower. The hard parts are drilling risk, grid connection, and whether tariffs can repay foreign capital.
Abiy Ahmed’s government loved energy megaproject language. Investors wanted bankable offtake. Communities near volcanoes wanted land and water questions answered before turbines spun.
Kept for energy readers, Tulu Moye is a checkpoint in Ethiopia’s attempt to diversify beyond dams. Ambition is cheap. Steam fields and contracts are not.
Sources: Global Construction Review
