Ethiopian Energy^Power Business Portal

A consortium led by Enel Green Power has been selected as the preferred bidder for a 100 MW solar project in Metehara. The consortium will be investing approximately 120 million US dollars in the project. Ethiopia has all the potential to become a key market for Enel’s strategy in Africa due to its plentiful renewable resources, stable regulatory framework and electrification needs.

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A consortium led by Enel Green Power has been selected as the preferred bidder for a 100 MW solar project in Metehara. The consortium will be investing approximately 120 million US dollars in the project. Ethiopia has all the potential to become a key market for Enel’s strategy in Africa due to its plentiful renewable resources, stable regulatory framework and electrification needs.

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Denmark will increase our financial support to the Danish-Ethiopian strategic sector cooperation and partnership programme “Accelerating Wind Power Generation” in Ethiopia with 7 million DKK. The programme, which started in 2017, will now run until the end of 2020 contributing to the sustainable development of the Ethiopian energy sector with modern wind energy.

The Danish Minister for Development Cooperation, Ulla Tørnæs, and the Ethiopian Minister of Water, Irrigation and Energy, Dr. Seleshi Bekele Awulachew, have signed an agreement expanding the Danish-Ethiopian strategic sector cooperation and partnership on energy to the end of 2020. The programme “Accelerating Wind Power Generation in Ethiopia” supports the capacity building of the Ethiopian energy sector to a gradual transition to wind energy. Ethiopia is a P4G-partner and the Ethiopian Minister of Water, Irrigation and Energy and the Ethiopian president is in Denmark to participate in the P4G-summit.

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(thereporterethiopia/Dawit Endeshaw, 26 May 2018)

Ethiopia and Denmark have signed a loan agreement where the later will provide finance in order of USD 201 million for the construction of the Assela Wind Farm. The agreement was signed this week between Ambassador Mette Thygesen of Denmark and Admasu Nebebe, state Minister of Finance and Economic Cooperation (MoFEC). The USD 201 million in finance will be provided by the Danish International Development Agency which will be directly injected to Assela wind farm project. Once it is completed, Assela wind farm is expected to generate 100 MW power and its construction is expected to commence as of this year and will last until 2025.

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