Corbetti Geothermal Power Station

The power station is located in the Corbetti Caldera, near the town of Hawassa, in the Sidama Region of Ethiopia, approximately , south of Addis Ababa, the capital and largest city in Ethiopia. The Corbetti geothermal concession area measures . Scientists selected an area measuring , where temperatures are recorded up to , with ability to generate 500MW up to 1,000MW annually. ==Overview==

The power station will be developed in phases. The first phase involves drilling of six exploratory wells for the development of a power plant with capacity of the initial 10MW . This will inform the progress to the next phase and that time will also be used to explore a power purchase agreement with Ethiopian Electric Power, the national electricity utility company, responsible for generation and transmission. ==Developers==

The power station is under development by Corbetti Geothermal Company Plc. (CGC), a special-purpose company registered in the United Kingdom, whose shareholding is illustrated in the table below. ==Funding==

The cost of construction of the first phase of this infrastructure project (the first 10 megawatts) is entirely equity funded. InfraCo Africa injected two equal amounts of US$15 million each, once in September 2015 and again in January 2018. It is expected that the second phase (the next 50 megawatts) will be funded with borrowed money. The general plan is to have the completed development (500 megawatts) funded 25 percent with equity and 75 percent with debt. The total financial outlay for the 1,000 megawatts development is estimated at US$4 billion. The following institutions have provided funding to this power station: 1. African Development Bank 2. European Union-Africa Infrastructure Trust Fund 3. UK Department for International Development 4. United States Agency for International Development ==Construction==

The contract for the geothermal drilling was awarded to Mannvit Engineering, based in Kopavogi, Iceland. A consortium comprising Mannvit and Consulting Engineers, was selected by Corbetti Geothermal Company Plc., as owners' engineer. Rama Construction Private Limited Company, an Ethiopian, general contractor, was selected to construct of roads, drilling and installing of water pipeline. ==See also==