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Taranis Operations Ltd signs a US$27 million loan agreement for Ethiopia's Corbetti Geothermal Project.
Contract Type
agreement
Description
Taranis Operations Ltd has signed a convertible loan agreement of US$27 million as the first step toward equity investment in the Corbetti Geothermal Project, a significant milestone for one of Africa's first privately developed geothermal energy ventures. The project aims to deliver 50 MW of renewable power initially, with plans for expansion.
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