Milbank advised PT Supreme Energy on the deal. PT Supreme Energy, one of Indonesia’s leading renewable energy developers, announced its partial divestment of equity interests in …
First drilling for Tulu Moye geothermal project in Ethiopia complete
First drilling for Tulu Moye geothermal project in Ethiopia complete
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Kenya Electricity Generating Company (KenGen), the leading electric power generating company in East Africa that is based in Nairobi, Kenya, has completed drilling of the first well for the Tulu Moye Geothermal project in the Oromia region of southwest Ethiopia.
According to Rufat Maina, the project site manager, drilling for the second well is ongoing and more than 1,000 meters of the planned 2,500 meters have been drilled and excavated.
The Project Developer
The Tulu Moye geothermal project is developed by Tulu Moye Geothermal Operations (TMGO) that is owned by Meridiam (a global investor and asset manager based in Paris specialized in developing, financing, and managing long-term public infrastructure projects) and Reykjavík Geothermal Ltd (a geothermal development company that specifically identifies and targets high-qua
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