TULU MOYE GEOTHERMAL OPERATIONS PLC

TM Geothermal Operations PLC (“TMGO”) was established in December 2017. The company signed the Power Purchase Agreement and the Implementation Agreement with the Ethiopia Electric Power and the Government of Ethiopia on the 19th of December, 2017 and restated documentation in March 2019, making it one of the first independent power projects in Ethiopia. The Tulu Moye geothermal prospect site is situated in the main Ethiopian Rift, northwest of Asela, close to the eastern margin of the rift. It is a wide zone where tectonic and volcanic activities are concentrated. The Tulu Moye geothermal prospect is located about 100 kilometers southeast of Addis Ababa in Oromia Regional State, with Lake Koka to the north and Lake Ziway to the south.