He said the Survey is in the process of developing the resource even more as the country has considerable geothermal resources that have not been exploited.
Masresha said the Geological Survey has received 16 million birr from Geothermal Science consultation, laboratory and drilling services in the last 2months. The Survey is also carrying out research on renewable energy sources.
Climate Investment Fund has funded 50 million US dollars to Ethiopia under the country s Scaling Up Renewable Energy Program for Low Income Countries.
The approval for the funding has given during the CIF committee meetings that held in Washington DC from the 30th April to the 4th of May. At the CIF meetings, the African Development Bank, as the implementing agency of the Climate Investment Fund, represented African interests.
The plan submitted by Ethiopia requires the African Bank to provide investment and technical assistance to implement Phase II of the Aluto Langano Geothermal Project and Assela Wind Farm Project. The AFDB will be injecting 23 million US dollars of the total SREP funding to the Ethiopian projects.