Ethiopia signs $4bn deal to build geothermal power plants

Ethiopia has signed an agreement to build two geothermal power plants at a combined cost of $4-billion, to be run by the country's first privately-owned utility. The Corbetti and Tulu Moye plants will produce a combined 1 000 MW of power upon completion in eight years time in the volcanically-active Rift Valley south of the capital Addis Ababa.