{"id":279750,"date":"2019-05-27T03:00:00","date_gmt":"2019-05-27T07:00:00","guid":{"rendered":"http:\/\/mereja.com\/index\/?guid=64fcbf92edda3dc105ee56eddafa557c"},"modified":"2026-09-23T11:55:17","modified_gmt":"2026-09-23T15:55:17","slug":"bloomberg-said-a-4-4-billion-geothermal-plan-was-taking-shape-for-ethiopia","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/279750","title":{"rendered":"Bloomberg said a $4.4 billion geothermal plan was taking shape for Ethiopia"},"content":{"rendered":"<p>In May 2019 Bloomberg reported that Reykjavik Geothermal, backed by hedge-fund billionaire Paul Tudor Jones II, was preparing a roughly $4.4 billion volcanic energy project meant to deliver power from Ethiopia\u2019s Rift heat.<\/p>\n<img data-recalc-dims=\"1\" height=\"780\" width=\"780\" class=\"aligncenter size-large wp-image-277392\" src=\"https:\/\/i0.wp.com\/mereja.com\/index\/wp-content\/uploads\/2019\/05\/Koysha-Hydroelectric-project-workers-voice-grievances.jpg?fit=780%2C780&#038;ssl=1\" alt=\"Bloomberg said a $4.4 billion geothermal plan was taking shape for Ethiopia\" \/>\n<p>Geothermal pitches promised baseload electricity beside hydropower that failed in dry years, but mega-project timelines in Ethiopia often stretch when FX, land, and grid links slip.<\/p>\n<p>Private geothermal money sat in the same season as AfDB grants for hydro IPPs and public rationing, which made the $4.4 billion headline a useful contrast between brochure scale and blackout reality.<\/p>\n<p>Kept as energy and FDI archive, the Bloomberg geothermal plan is a dated marker of private volcanic-power ambition.<\/p>\n<p><strong>Sources:<\/strong> <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-05-27\/tudor-jones-backed-rg-poised-for-4-4-billion-ethiopia-power-deal\">Bloomberg<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>The $4.4 Billion Energy Plan for Ethiopia&nbsp;&nbsp;BloombergReykjavik Geothermal, a power developer backed by hedge fund billionaire Paul Tudor Jones II, is about to kick off a $4.4 billion project to bring volcanic energy &#8230;<\/p>\n","protected":false},"author":30,"featured_media":277392,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-279750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethiopian-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/mereja.com\/index\/wp-content\/uploads\/2019\/05\/Koysha-Hydroelectric-project-workers-voice-grievances.jpg?fit=475%2C266&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-1aM6","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/279750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=279750"}],"version-history":[{"count":2,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/279750\/revisions"}],"predecessor-version":[{"id":754923,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/279750\/revisions\/754923"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media\/277392"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=279750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=279750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=279750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}