Ethio Potash Project Seeks 70MW of Dedicated Power
Ethio-Potash has requested 70 MW of dedicated power for its extraction project in the Danakil Depression of Ethiopia. The company needs the power supply to be available by 2014 as it launches extraction efforts after completing its feasibility study in the middle of this year.
The company has been in the process of negotiations with the Ministry of Water and Energy and the Ministry of Mines according to Jorgen Ole Haslestad, Chief Executive of Yara International which owns a 51% stake of the company.
Ethio-Potash can potentially extract 1.5 tons of potash a year according to the 2012 first quarter report released by Yara. The project costs at the Danakil Depression project can extend to as much of 2 billion birr said Hoslestad.
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