Market News | POWER & ENERGY Ethiopia 2021

Market News

  • Electricity Connection Between Ethiopia And Djibouti To Expand

    Posted on :Thursday , 22nd July 2021

    The African Development Bank (AfDB) has approved 2 grants totaling USD 83.6m to boost cross-border trade in electricity between Ethiopia and Djibouti.

     

    The funds are made up of a USD 69.65 million grant to Ethiopia and a USD 13.93 million grant to Djibouti. Both the grants are sourced from the African Development Fund, which is the AfDB’s concessional financ. . .

  • East Africa: Djibouti, Ethiopia to Launch Second Power Link

    Posted on :Wednesday , 21st July 2021

    Djibouti and Ethiopia have secured finance to build a second electricity transmission line after the two neighbours enjoyed the returns from the first project that linked their power grids.

     

    The first project has enabled Djibouti to import Ethiopia's hydropower-processed, renewable and cheap electricity.

     

    After, the two countries agreed to further develop the. . .

  • Ethiopia: Kengen Completes First Drilling At Tulu Moye Geothermal Site

    Posted on :Monday , 19th April 2021

    Work is progressing on the Tulu Moye geothermal site in Ethiopia. Kenya Electricity Generating Company (KenGen), the company carrying out the field work, has just completed the 1st geothermal drilling at the site in the Oromia region of southwest Ethiopia. The Nairobi, Kenya-based energy company has now started drilling the 2nd geothermal well. Under the US$ 52 million contract, KenGen will dri. . .

  • New Collaboration to Improve Energy Access in Ethiopia

    Posted on :Wednesday , 18th November 2020

    The Rocky Mountain Institute (RMI) is collaborating with IKEA Foundation to improve access to energy in rural communities in Ethiopia.

     

    RMI will leverage a $1 million grant from IKEA Foundation to grant rural communities with access to renewable energy.

     

    The institute will also leverage the grant to assure project beneficiaries create new opportunities for in. . .

  • Construction of Koysha hydropower dam in Ethiopia 39% complete

    Posted on :Tuesday , 20th October 2020

    The construction of 2,160MW Koysha hydropower dam in Ethiopia is 39 per cent complete. The dam is the fourth hydropower project under construction on Omo River.

    Dr Seleshi Bekele, Minister of Water, Irrigation and Energy, stated that the construction works at the dam are progressing well. "This project shows how our country Ethiopia is utilizing its water resources for a sustainable deve. . .

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