2merkato

The Ethiopian Electric Power Corporation secured external financing for the Aysha Wind Farm. The project received money from a Chinese financial firm and a European Investment Bank.

The Aysha Wind Farm is part of the national wind power project to develop national green power. The construction of the windmill is expected to be launched this financial year by the Ethiopian Metal Engineering Corporation.

The farm intended to produce 300MW when completed has been a focus of interest for several international investors.

The Ethiopian Electric Power Corporation is to inaugurate Adama I wind Farm on the 1st of December. The project completed at a total cost of 117 million US dollars was constructed with an installed generation capacity of 51 Mega Watts.The Adama Wind farm has a total of 34 towers with the ability to generate 1.5 MW each.

Eight five percent of the 117 million US dollar budget was covered by a loan arranged by the Export-Import bank of China. The Ethiopian government covered the remaining fifteen percent in financing.

The mechanical work for the wind farm was handled by Hydro China and the civil work was taken care of by CGOC.

Ethiopian Electric Utility, the state-owned power company that provides electricity, said it plans to provide access to electricity generated from solar sources to 25 small towns in rural Ethiopia in the fiscal year that started July 8, 2021.

Dagnachew Asres, CEO of Bure Integrated Agro-Industry Park said efforts are being made to complete the park's construction early in the newly started Ethiopian fiscal year.

Egypt Air has launched daily flights to Addis Ababa from Cairo as of the 31st of October. Flights from Cairo to the Ethiopian capital used to be only five days a week.

Egypt Air has cultivated loyal clients and strong partners in Ethiopia said Maged Michel Addis Ababa Office Manager for Egypt Air. The launch of the daily flight is a significant occasion for the airlines he added.