Lights beamed down the hall, changing colors every few minutes and glittering against the stage where several business people sat on a panel to fire up a dimly lit crowd. Emmanuel Birba was one of these panelists gathered at the closing of the second edition of a forum organised to mobilise resources to fill Africa's enormous gap in infrastructure financing.
A native of the Caribbean, the tall and young Birba told his audience, dealing with Africa should not be seen as “a one-night stand.” The crowd murmured, some with hysterical laughter. From a panelist who sat next to him: “You can't dream big and invest small in Africa.” Another won applause from the gathering when declaring, “If you aren't in Africa, you aren't in business.”
The message appeared to have hit home, judging by the over 2,200 people from over 25 countries assembled inside the Sandton Convention Centre of Johannesburg, South Africa, for the Africa Investment Forum, who appeared to have taken this statement literally. Two weeks ago, they were there shopping for viable projects in Africa, whether in energy, infrastructure, transport or logistics. Equally, there were as many representing African countries but determined to pitch their respective projects, chasing capital moving around the world.
aking the peaceful nuclear initiatives to a more practical stage, the Russian Federation has inked an intergovernmental nuclear deal with Ethiopia, where the latter will develop its own nuclear facilities in ten years’ time. During the sidelines of the Russia-Africa Economic Forum at Sochi, the state owned Rosatom Nuclear Energy Corporation has signed an accord with the Ministry of Innovation and Technology of Ethiopia, to provide technical and technological supplies for an atomic energy.
The intergovernmental nuclear cooperation agreement the two sides have signed includes development of nuclear infrastructure on selected joint projects in accordance with international recommendations. The agreement indicated that Ethiopia will apply nuclear and radiation safety regulations and oversee the physical security of nuclear materials, sources of radiation, storage facilities for nuclear materials and radioactive substances and radioactive wastes.
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 First International Symposium on Geothermal Energy in Ethiopia commenced yesterday here in Addis. Dr. Dereje Engida President of Addis Ababa Science and Technology University (AASTU) told journalists that so far, Ethiopia has not produced energy from geothermal. However, works are underway to get benefit out of it. According to him, Electrification Policy was already endorsed by the government and Public Private Partnership is supported by this policy. According to him, neighboring country Kenya produces nearly 850 MW energy from geothermal and Ethiopia has to work more in this regard.
Since the sector demands huge amount of capital, the cost could not be covered merely by the government. The contribution of stakeholders is needed, the President said. “We have enabling policy and resources; but we lack skilled manpower in the sector. Developing human capital and close this gap is critical to bring about the desired change,” he said. Meseret Teklemariam (PhD), Program Manager of Energy at the United Nations Environmental Protection (UNEP), also said that African countries including Ethiopia are blessed with different renewable energy sources – water, solar, wind, and geothermal. “We have to exploit these energy sources for sustainable development.”
“We have to make the youths more productive by offering the necessary training through strengthen