The Ethiopian Electric Power Corporation (EEPCo) awarded a solar power project to U.S., based companies Global Trade and Development Consulting and Energy Ventures last week, Capital reported.
Alemayehu Tegenu, Minister of Water, Irrigation and Energy, told Capital that the project will be launched before the end of the Growth and Transformation Plan (GTP) period in the coming fiscal year.
The Ethiopian Electric Power Corporation (EEPCo) is divided into two separate entities, the Ethiopian Electric Power and Ethiopian Electric Service, Ethiopian Press Agency reported. The corporation's power supply and electricity delivery services will be divided between the two new companies.
Ethiopia has signed a preliminary agreement with a U.S.-Icelandic company, Reykjavik Geothermal, a US$4 billion geothermal power resources investment agreement, Reuters reported.
Reykjavik Geothermal and the Ethiopian government signed the agreement on Wednesday to construct a 1,000 MW geothermal power plant in Ethiopia's volcanically active Rift Valley region.
Ethiopian Electric Utility (EEU) concluded a Memorandum of Understanding (MoU) with Chinese Huawei and China Electric Power Equipment Utility. The MoU is for the construction of a better power grid for Ethiopia.
The Ethiopian Electric Utility (EEU) has announced plans to connect 154 rural localities to electricity, through both grid and off-grid systems, during the 2025/26 fiscal year.
