European Investment Bank (EIB) and the China Export Import Bank (Exim) expressing interest in financing Ethiopian Wind project.
Tigrai Online Dec. 13, 2012
Ethiopia has of late launched a series of wind power projects with a view to improving power supplies across the country
Ethiopia’s proposed Aysha I Wind Farm is drawing increasing investor attention, with the European Investment Bank (EIB) and the China Export Import Bank (Exim) expressing interest in financing the project.
The Aysha Wind Power Project which envisages the construction of three plants with a total output capacity of 100 megawatts – launched by the Ethiopian Electric Power Company (EEP) – has seen multiple significant foreign investors indicate a desire to finance the new development, the most recent party to enter the financing fray being the EIB, EEP officials have revealed.
Chief Executive of EEP Mihret Debebe disclosed that the EIP has approached the electricity provider with a view to investing in the new wind farm, with Mihret adding that the bank will begin project appraisals imminently, according to the Reporter.
Mihret went on to reveal that China’s Exim bank is also keen to finance both the Aisha I and Aisha II wind farm projects, with this bank also having indicated to the EEP that projects appraisals will be commenced shortly.
Ethiopia has of late launched a series of wind power projects with a view to improving power supplies across the country, in a bid to fuel the economic growth of the country.
Last month the Adama II wind power project got under way as the EEP signed a $340 million deal with China’s GCOC for the construction of the plant, which is an extension to the Adama I operations – the two plants billed to provide much-needed energy for the proper supply of power to industries active in the Adama region.
Meanwhile, the Aisha I and II projects – to be located on Dijbouti Road – are the next steps for the country’s wind power expansion, and are intended to power the Ethio-Dijbouti Road Corporation’s endeavours.
Source: Ventrures Africa
Sponsored Links
Sponsored Links
More Articles
PM Hailemariam Desalegne readies for the 2nd half
Ethiopian highlanders have different gene that allow them to live in thin air
Helen Getachew to represent Ethiopia at the Miss Universe competition
China and the African water wars between Ethiopia and Egypt
Ethiopian highlanders have different gene that allow them to live in thin air
Eritrea: Colonized Mind, False Sense of Self and Delusion
Ethiopian Wins International Diamond Prize for Excellence
An open Letter To Mr. Rene Lefort, Horn of Africa Political Analyst
Prime Minister Hailamariam Desalegne Interview with Ethiopian TV
SouthWest Energy Ltd., an Ethiopian oil and gas exploration company to raise $100 million
Prime Minister Hailamariam Desalegne Interview with Ethiopian TV
SouthWest Energy Ltd., an Ethiopian oil and gas exploration company to raise $100 million
When Egypt Gets a cold, Eritrea gets pneumonia
The entire Eritrean national football team defects again
A new dawn for science in Ethiopia on sustainable green economy
Export-Import (Ex-Im) Bank of the United States finances four Ethiopian Dream liners
We neither piggy back others and nor we desire to be piggy backed
Calin Rovinescu elected as new chairman of the Star Alliance chief executive board
Ethiopian Extremists and President Isaias Afeworki: A Love Story
Ethiopian Extremists and President Isaias Afeworki: A Love Story
Worldwide demonstration by Eritreans in Switzerland
Some Ethiopians in exile and their politics of resentment
Analysis: Eskinder Nega and the Ethiopian Media Landscape
BEN TV confers the Order of Kilimanjaro Award on the late Prime Minister Meles Zenawi
Return to Ethiopia 2012 a tribute to Fisseha Haileselassie 1957-2012
Ethiopian court rejected convicted terrorist and promoter of Genocide Eskinder Nega’s appeal
Tewolde Gabremariam of Ethiopian Airlines CEO won ceo of the year award
Global Solidarity Network of Tigraians for Development
How Ethiopia Lost Control of Its Teff Genetic Resources
Lidetu Ayalew: Master of Realpolitik
Ethiopian Unveils Iaugurated New Business Class Lounge in its Addis Ababa Hub airport
Ethiopian Extremists working hard to block Dr. Rice’s nomination to succeed Hillary Clinton
Ethiopian Graduates 255 Maintenance, Marketing and Cabin Crew Trainees
Comrade Kassa Kebede: put up or shut up
Messebo Cement Factory’s Special Cement in use in mega projects
USCIRF’s incoherent statement on ‘Muslim protests’ in Ethiopia
Ethiopia's Grand Renaissance Dam will be completed on time
Ethiopia elected to be member of the United Nations Human Rights Council
Ethiopia woman was a victim of sex slavery in Saudi Arabia
Birhanu Nega and Gelebawoch's barking wont stop us.
Ethiopia, Egypt, Sudan agree to resume Eastern Nile Basin cooperation
Climate change threat to Arabica coffee crops
The Viability of a Democratic Developmental State for Africa In an Era of Economic Globalization
Ethiopia and Qatar resume deplomatic ties
Ethiopian New Toronto Route to Enjoy the B787 Dreamliner Services
Eskinder Nega: Defender of Jewish Genocide
Automated Classrooms Alleviate Instructor Shortage at Mekelle University, Tigrai
Global Solidarity Network of Tigraians for Development:
Physical History of Axum and Yeha Video
Kenya says Eritrea must support peace before joining IGAD
Habiba Mohammed, wife of Junedin Sado charged with terrorism
Ethiopia and Eritrea are still at each others’ throats
Should Ethiopia worry about Egyptian and Sudanese military movements?
The Little Heaven in Seoul, South Korea