Organized by the African development bank, the forum, dubbed a market place for Africa, for the second time expects to bring together project sponsors, investors, borrowers, lenders, policy makers, public and private sector investors to promote Africa's investment opportunities for a total deal of USD 67 billion transactions. More than 32 billion dollars transactions were made in the last year's forum.
In addition to the transactions expected, key reports are also to be launched such as the Africa energy outlook 2019 of iea, 2019 Electricity Regulatory Index and the first comparative Electricity Tariff Study report for west Africa region.
Ethiopia is represented by its ambassador in South Africa this year. Last year was attended by President Sahle-work Zewde making USD100 million deal for the energy sector.
The Nordic countries, which have vast experiences on the utilization of renewable energy, offered energy solutions to assist Ethiopia in harnessing renewable energy resources. The Nordic countries expressed their commitments to share their rich experiences to Ethiopia in a seminar held on Thursday at the Addis Ababa Radisson Blu Hotel. The Embassies of Iceland, Norway, Sweden, Denmark and Finland organized the consultative meeting in collaboration with Nordic Energy Research aimed at heightening the security of the energy supply in Ethiopia by applying successful and sustainable energy solutions from the Nordic countries.
In her key note address Unnur Ramette Ambassador of Iceland pointed out that only 35 percent of the African population has access to electricity and African countries’ prospect of expanding their electricity network is challenging. Ambassador Ramette expressed the Nordic countries commitment through the “Nordic Energy Solutions”, an initiative launched by Nordic Prime Ministers, to assist the development of renewable energy resources in Ethiopia. “Nordic Energy Solutions is committed to share Nordic innovations and technologies to address energy challenges,” she said. “We have a family of Nordic financial institutions Nordic Development Fund, Nordic Environmental Facility Cooperation and the Nordic Investment Bank,” she added.
Kenya Electricity Generating Company (KenGen) said Thursday it has clinched a 5.8 billion shillings (58 million U.S. dollar) contract to drill 12 geothermal wells in Ethiopia. Rebecca Miano, KenGen CEO said the contract with Ethiopia's independent power producer, the Tulu Moye Geothermal Operations, will also include installing a water supply system and equipment.
"This project entailed intense negotiations and planning. We are excited our efforts bore fruit. Being fully aware of the task ahead of us, we have rolled our sleeves and are now all set and ready," Miano said in a statement issued in Nairobi. The electricity producer will supply drilling materials and also provide operation and maintenance services for both the drilling equipment and the water supply system.
Miano said the contract is the second and the company's largest consultancy outside Kenya. In February, KenGen won a contract to drill geothermal wells for the Ethiopian Electric Power in Aluto, Ethiopia.
Miano said KenGen, which has embarked on a diversification strategy, leverages its expertise in geothermal energy by offering commercial drilling services, geothermal consulting and other related services across Africa.
She said the firm has invested in experts with considerable experience in geothermal exploration and drilling and will build the capacities of teams from Ethiopia who will be working on the project.
Kenya is Africa's number one geothermal energy producer and among the top 10 in the world, according to KenGen. The country has an estimated potential of 10,000MW along the Rift Valley.
The news was also reported by addisstandard
Tender Announcement: An invitation to bid for a full service drilling contractor at Alalobad in Ethiopia has been issued for Ethiopian Electric PowerSuccessful conclusion of Workshop on African Union Code of Practice for Geothermal Drilling
The Saudi Arabian power company that just one month ago won a contract to develop two solar farms, which will have 250MW in combined capacity, has already commenced mobilizing for the project. ACWA Power, which will develop a power plant with its own 300 million dollars in financing, started clearing the two sites and hiring employees that will engage in the development of the projects. One of the projects, Gad, is located 40Km from Dire Dawa in Somali Regional State, while the other project, Dicheto, is found 90Km from the town of Semera, close to the border with Djibouti in Afar Regional State.
The agreement for the two projects was signed early last week between Ahmed Shide, minister of Finance and the chairperson of the Private Public Partnership (PPP) Board, and Paddy Padmanathan, CEO and President of ACWA. Ethiopian Electric Power has also joined the two parties in signing the contractual agreement that will last for 15 to 20 years. The Saudi Arabian firm will develop the two solar farms on the land provided by the government of Ethiopia. The company won the bid after vying with four other companies that made it into the screening stage. Initially, a total of 12 pre-qualified prospective bidders took part in the bidding process after being shortlisted by the board of the PPP directorate.