It is confirmed that In Ethiopian Rift Valley, which covers about 150,000 sq.km, above10,000 MW Geothermal Energy is there.
Despite previous research depicts that there is 5000 MW geothermal potential, the geothermal study master plan the Geological Survey of Ethiopia conducted in cooperation with Japan International Development Cooperation, confirmed that there is above 10000 MW potential in 22 geothermal prospects. Currently, four drills that can produce 40 MW are being drilled and at the two, the survey is able to expose confirmed geothermal deposit at the depth of 1920m and 1953m. In the mean time, this successful drilling is observed by the survey’s management, employees representatives, and stakeholders.
New economic policies initiated by the Government have created a much-improved investment climate for mining. The mineral sector was opened up to private investors in 1991, stimulating large investments, advanced technology and trained manpower. Liberalized Mining and Income Tax Proclamations in 1993 and supporting Mineral Operations Regulations in 1994 helped Ethiopia create an environment conductive to private capital investment by local and foreign companies in the mining sector.
Private investment in the mineral sector of Ethiopia was opened in 1991 as a result of the political change in the country. A new market-oriented economic policy was provided by new mining proclamations and regulations to encourage the participation of private capital in mineral prospecting, exploration and development activities. The modern and global approach to sustainable mining development as a result of more than fifteen years of experience with licensing and administration of the private mineral sector, the mining law has now been revised and the new Mining proclamation No. 678/2010 came into effect on 4 August 2010.
Ethiopia’s revenue from mining operations is expected to surge in coming years following the granting of 24 new concessions in 2006-2007. The Government has made development of Ethiopia’s mineral wealth one of its leading economic objectives. Mining operations within the country are expected to be an important economic catalyst for the Government’s export-orientated development strategy.The goal is to bring the minerals sector up to 10 percent of GDP within 10 years.
Geothermal is the energy stored underground as hot water/steam. Its indigenous, renewable and environmentally benign nature along with its multipurpose applications makes it one of the favored energy resources in modern energy mix.Total geothermal resource potential in Ethiopia is found in the Great Rift Valley and is estimated to be over 1000 MWe.
News And Events
- It is confirmed that In Ethiopian Rift Valley, which covers about 150,000 sq.km, above10,000 MW Geothermal Energy is there.
- Ethiopia to increase electrical supply from geothermal power sources
- Ethiopia to Build Africa’s Largest Geothermal Plant
- Ethiopia and Iceland sign cooperation agreement for geothermal energy development
- Chinese to Help Map Mining Potential of Ethiopia
- Geological Survey to increase geological mapping coverage to 80 percent
- Mineral Resources Of Ethiopia
- INVESTING IN ETHIOPIA:Mining
- Responsible Mineral Development Initiative 2011
- Responsible Mineral Development Initiative 2010
- The new Mining Proclamation from August 2010