Ethiopian Energy^Power Business Portal,eepBp

(thereporterethiopia, 2017)

The Ethiopian Electric Power is going to sign contract agreements with independent power producers for the construction of geothermal power plants in Corbetti and Tulu Moye localities in the Oromia Regional State.

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(Adapted from thinkgeoenergy, 2017)

IFC is providing $20 million in equity funding to the Africa Renewable Energy Fund (AREF) managed by Berkeley Energy, replacing an investor that stepped out. AREF is invested in the Corbetti geothermal project in Ethiopia.

 

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The Ethiopian Electric Power (EEP) is preparing to launch a combined tender for supplying two drilling rigs and accessories and drilling services and maintenance services for drilling of 8 -20 wells in Aluto, Ethiopia. 

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The government has identified seven hydropower projects to be implemented by independent power producers in a public-private partnership (PPP) model. Out of the seven hydropower projects, Ethiopian Electric Power (EEP) selected four that require amendments to their previous feasibility studies, while three of them need new feasibility studies.

Expected to generate 2,300MW of electric energy, the projects are located in Amhara, Oromia and Somali regional states and require a total of 4.3 billion dollars in investment.

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