Ethiopian Energy^Power Business Portal,eepBp

 (Addisfortune, 2017)

Ethiopia inks its first ever power purchase agreement with private companies in an attempt to triple the nation’s electricity generation capacity to 17,000MW by 2020. The pact will enable developers to start Africa’s largest geothermal projects with an investment capital of four billion dollars.

Azeb Asnake, CEO of the Ethiopian Electric Power (EEP), Admasu Nebebe, state minister for Finance and Economic Cooperation (MoFEC), Sileshi Bekele (PhD) minister of water,irrigation and Energy, Emmanuel Birba, project manager of Meridiam and general manager of the TM Geothermal Operations Company, and Gudmundur Thorodosson, CEO  of Reykjavik Geothermal (RG), have signed the implementation agreement in a ceremony held at Sheraton Addis on December 19, 2017.

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