Ethiopian Electric Power (EEP) has signed power purchase agreements (PPAs) with Corbetti Geothermal Power regarding two 500 MW geothermal projects in the Main Ethiopian Rift Valley that require a total investment of US$4 billion
Energy Finance & Investment News in Ethiopia
The Ethiopian Electric Power (EEP) launched a Request for Pre-Qualification (RFQ) for the development of two solar photovoltaic projects totaling 250 MW.
Dongfang Electric Corporation Limited (DECL) has closed an agreement with Ethiopina Electric Power Utility (EEPU) for the development of a wind farm located 20 kilometers distance from Ethio-Djibouti border in Aisha area, Ethiopia.
Black Rhino Group, backed by Black Stone Group, has finally proposed to the Ethiopian government to build the 550 km multi-product pipeline from port access in Djibouti to central Ethiopia.
The Ministry of Water, Irrigation and Electricity (MoWIE) of Ethiopia has announced plans to select developers to generate 300 MW from solar energy through a tender process to see light in the next months.
Black Rhino and MOGS Oil & Gas Services get greenlight for $1.55BN Horn of Africa Fuel Pipeline Project
Energy infrastructure companies Black Rhino and MOGS Oil & Gas Services (BRM), together with the Governments of Djibouti and Ethiopia today signed Framework Agreements for the construction of a 550km fuel pipeline system running through Djibouti and Ethiopia in The Horn of Africa.
Ethiopian Electric Power and Corbetti Geothermal Plc have signed Ethiopia’s first independent power purchase agreement for the 500 MW first phase of the Corbetti geothermal power project in Ethiopia.
According to the External Communications Director at Ethiopian Electric Power (EEP), Miskir Negash, Ethiopia is embarking on a green economy strategy, in which wind power is a key component.
Global asset management firm Blackstone announced that it has partnered with Black Rhino, an African infrastructure development company, to identify, develop, finance, construct and operate large-scale infrastructure projects across Sub-Saharan Africa with a focus on the energy sector, including power generation, transmission, fuel storage and pipelines.
Standard Chartered is more than doubling its commitment to ‘Power Africa’ by increasing its pledge from US$2 billion to US$5 billion, after reaching its initial commitment in 12 months.