(SeeNews) - Nov 8, 2013 - US firms Global Trade and Development Consulting and Energy Ventures said Thursday they had won a contract to build a 300-MW solar park in Ethiopia.
As part of the deal, which has been approved by the country’s Ministry of Water and Energy, the partners will build, operate and transfer to the Ethiopian Electric Power Corp (EEPCo) three 100-MW solar plants in eastern Ethiopia.
Site selection, due diligence and feasibility study for the project were finalised earlier this year and approved by the Ministry of Water and Energy and EEPCo.
Currently, Ethiopia generates most of its electricity from hydropower and geothermal stations. Last month the country, which has an estimated geothermal capacity of up to 5,000 MW, signed an official deal under which Iceland-based Reykjavik Geothermal will build a 1,000-MW geothermal complex.