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The Private Infrastructure Development Group - mobilising infrastructure investment in sub-Saharan Africa and south and south-east Asia #globaldev #funding4dev
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PIDG-supported solar project, Vungu Solar, yesterday announced that it has engaged Standard Bank South Africa, together with Stanbic Bank Zimbabwe to act as its mandated lead arranger as the project moves towards financial close.
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@UKinZimbabwe
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@UKinZimbabwe
As a company that delivers first-time electricity access, Kudura Power East Africa Ltd, works closely with community members to ensure that everyone is aware of the new services, can use them safely, and can access support should the power go down.
#SustainableInfrastructure
#SustainableInfrastructure
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Thank you for hosting this important signing, @ETEmbassyLDN, it marks a significant step forward for the Corbetti Geothermal project supported by PIDG and Taranis.
𝗖𝗼𝗿𝗯𝗲𝘁𝘁𝗶 𝗚𝗲𝗼𝘁𝗵𝗲𝗿𝗺𝗮𝗹 𝘀𝗶𝗴𝗻𝘀 𝗱𝗿𝗶𝗹𝗹𝗶𝗻𝗴 𝗰𝗼𝗻𝘁𝗿𝗮𝗰𝘁 𝗮𝘁 𝗙𝗗𝗥𝗘 𝗘𝗺𝗯𝗮𝘀𝘀𝘆 𝗶𝗻 𝗟𝗼𝗻𝗱𝗼𝗻
Corbetti Geothermal PLC and its drilling contractor, Marriott Drilling, officially executed project contract agreements during a signing ceremony hosted at the Embassy of Ethiopia.
Representatives from Corbetti Geothermal, project developer Taranis Operations, financial partner PIDG (Private Infrastructure Development Group) / InfraCo Africa, and drilling contractor Marriott Drilling convened during the signing ceremony.
The Embassy of Ethiopia reaffirmed its firm commitment and continued assistance towards driving the Corbetti Geothermal Project to successful completion.
Highlighting the high level of attention the Ethiopian Government accords to the project and emphasising the strong commitment of all relevant government ministries to ensuring its smooth execution, the Embassy further reiterated its ongoing support in addressing questions and maintaining a favourable framework for the realisation of the project.
Kevin Ziemer, Managing Director of Taranis Operations, commended the Ethiopian Government’s strong backing, describing the signing as a major achievement that underscores Ethiopia’s growing position as an attractive destination for foreign direct investment.
The formal ceremony concluded with the official contract signing by Benoit Morelle (General Manager, Corbetti Geothermal) and Mario Campos (Drilling Manager, Marriott Drilling), accompanied by the Embassy’s Business Diplomacy Department team and partners.
@AmbBirukUK @PMEthiopia @MFAEthiopia @UKinEthiopia
#CorbettiGeothermal #GeothermalEnergy #Ethiopia #RenewableEnergy #ForeignDirectInvestment #MarriottDrilling #SustainableDevelopmentView quoted post on X
The Corbetti geothermal power project - supported by PIDG and Taranis - has signed a contract with UK company Marriott Drilling Group to drill up to four exploration wells in the Corbetti Caldera, Ethiopia.
Read more here: lnkd.in/eXfduNd5
Read more here: lnkd.in/eXfduNd5
