The press release at the official launch of the program reads that Energising Development (EnDev) launched a new programming cycle at the beginning of 2019. Based on the outcome of that programming cycle, EnDev Ethiopia, together with the Ministry of Water, Irrigation and Energy of Ethiopia, started the implementation of phase III from July 2019 to run until December 2022 with additional 9.4 million EUR.
The new phase will focus on the policy support and development of financial systems. The support will be directed towards developing and growing the market for modern renewable energy technologies and services as well as energy efficiency solutions in Ethiopia.
The African Development Bank has welcomed a decision by the Trust Fund Committee of the Clean Technology Fund (CTF), one of two funds within the Climate Investment Funds (CIF), to extend a $10 million concessional senior loan for development of the 50 MW Tulu Moyo Geothermal Power Plant project in Ethiopia.
The CTF approved the loan on 20 April 2020. The project is seen as a critical step to the East African country’s drive to harness sustainable and resilient energy resources to support its economy and livelihoods. With this investment, CTF becomes the first geothermal Independent Power Producer (IPP) in Ethiopia.
“We welcome the participation of CTF in this project. These concessional resources will be instrumental in helping the country to diversify its energy mix by facilitating the deployment of renewable energy technologies while supporting Ethiopia in meeting the targets under its National Electrification Plan 2.0,” said Anthony Nyong, Director of Climate Change and Green Growth at the Bank.
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
Ethiopian Prime Minister Abiy Ahmed on Tuesday inaugurated the Chinese built 254 Mega Watts (MW) Genale Dawa III hydro dam project. The Ethiopia Minister of Water, Irrigation and Electricity, Seleshi Bekele and Ethiopia Minister of Innovation and Technology, Abraham Belay also attended the hydro dam inauguration ceremony.
The hydro dam project built by the China Gezhouba Group Corporation cost around 451 million U.S. dollars with the majority of the money needed to finance the project sourced through loans from the China Export-Import Bank. Speaking to Xinhua, Moges Mekonen, Communication Director at Ethiopia Electric Power (EEP), said the 254 MW Genale Dawa III hydro dam is expected to fill a critical gap in Ethiopia's ongoing efforts to meet the energy needs of the country's estimated 110 million people.
|08 May 2020;|
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