Drilling works for phase 1 of Tulu Moye project has been awarded to Kenya Electricity Generating Company Limited. The drilling contract signing took place at Hilton Hotel, Addis Ababa, Ethiopia, on Wednesday 23rd October 2019. As one of the first independent power projects in Ethiopia, TMGO will design, finance, build, operate and maintain geothermal powerplant including drilling of geothermal wells. The project with an estimated capacity to generate 150MW will be developed in 2 phases (Phase 1- 50 MW, Phase 2-100MW) to produce electric power in the Main Ethiopian Rift Valley, Oromia Regional State, Arsi & East Shewa zones, and sell the power to the Ethiopian Electric Power. KenGen using their expertise have agreed to takeover the drilling for phase 1.