Negotiations to Revive Tulu Moye Geothermal Project in Ethiopia Underway
Negotiations to revive the Tulu Moye Geothermal project in Ethiopia are underway after operations were suspended in 2024 due to security and financial issues. The project, which aims to generate 150 MW, is facing challenges related to geothermal resource availability and stricter financing requirements, prompting developers to seek guarantees for foreign currency and profit repatriation. A new negotiation committee is working to address these concerns and finalize discussions, although uncertainties about the original agreement and accountability for delays remain.
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Negotiations to resume the Tulu Moye Geothermal project in Ethiopia's Oromia region have begun after the company suspended operations in 2024 due to security concerns and financial issues. The project, expected to generate 150 MW, faced challenges including insufficient geothermal resources and tightened financing requirements from international lenders.
Developers have submitted new demands, such as guarantees for foreign currency and profit repatriation. A new negotiation committee, involving representatives from EEP and various ministries, is working to conclude talks swiftly. The project's future remains uncertain as several critical questions about the original agreement and accountability for delays persist.
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