Corbetti Geothermal Power Project
Corbetti Geothermal PLC is developing a two-phase, 150 MW geothermal project (50 MW then 100 MW) in the Corbetti Caldera roughly 250 km south of Addis Ababa, with backing from the Private Infrastructure Development Group.
Inside the project
Site work to date, two well pads, roads, water wells and a pipeline, is described as complete, with the project awaiting a resumed drilling campaign after a 2026 power-purchase-agreement extension and a new convertible-loan commitment from investor Taranis Operations.
Negotiations continue with Ethiopian Electric Power and the Ministry of Finance on tariff terms.
On 18 June 2026, PIDG announced a signed Taranis convertible loan agreement, preceding a prospective US$27 million equity investment. The announcement does not establish completion of that equity investment; the 50 MW first phase and further 100 MW remain development plans.
Objectives
- Develop a two-phase, 150 MW geothermal plant in the Corbetti Caldera
- Complete site infrastructure and resume drilling ahead of full development
Approach
- Development proceeds in two phases (50 MW then 100 MW) under a power-purchase agreement, with site infrastructure built ahead of a drilling campaign.
Sources
Inspect 3 sources
- pidg.org ↗https://www.pidg.org/portfolio/corbetti-geothermal/
- thinkgeoenergy.com ↗https://www.thinkgeoenergy.com/ethiopia-advances-restart-of-two-geothermal-projects/
- pidg.org ↗https://pidg.org/pidg-and-taranis-join-forces-to-deliver-ethiopias-corbetti-geothermal-project/
Documented by one public source so far.
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