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Ethiopia signs for first phase of 1000 MW geothermal project
- 8 years ago (2015-07-29)
The deal followed President Obama’s Power Africa initiative, which aims to increase both technical and investment expertise as well as develop investment in power generation.
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Edward Njorge, from the Corbetti Geothermal Project, said: “Ethiopia, like other African nations, suffers from a lack of energy and its lack stunts development… its 7000 MW plus geothermal potential can help in bridging the energy cap.”
CEO of Ethiopia’s state-owned power utility firm (EEP) Azeb Asnake said this project fits into the country’s green energy power procurement programme.
The first phase of the $4 billion project will have a 500 MW generating capacity, which will be purchased by the Ethiopian government and supplied to the population.
This project builds into Ethiopia’s Growth and Transformation Plans 2015-2020 to boost the country’s total power generation from current levels of 4200 MW to 17 300 MW by 2020.
The project is expected to take around 8-10 years to be completed.