Clean Technology Fund invest US$10m loan in Ethiopia’s Geothermal power plant

ETHIOPIA – The Clean Technology Fund (CTF), managed by the Climate Investment Funds (CIF), has extended a US$10 million concessional senior loan for development of the 50 MW Tulu Moyo Geothermal Power Plant project in Ethiopia.  This was announced by the African Development Bank as they welcomed the decision by CTF. With this investment, CTF becomes the first progressive geothermal Independent Power Producer (IPP) in Ethiopia.  The CTF approved the loan on April 20, 2020 for the project, which is seen as a critical step to the East African country’s…

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