(SeeNews) - Oct 28, 2013 - French wind turbine maker Vergnet (EPA:ALVER) has switched on its 120-MW Ashegoda wind park in Ethiopia, Reuters said on Saturday.
The project, which required investment of EUR 210 million (USD 290m), was financed with concessional loans from French BNP Paribas (EPA:BNP) and the French Development Agency (AFD). The Ethiopian government funded 9% of the amount.
Construction on the 84-turbine wind park at Ashegoda in Ethiopia’s northern region of Tigray was initiated in 2009 and was initially scheduled to be completed in 2011. However, completion was delayed due to logistical issues. The wind farm is expected to generate about 400 million kWh of power annually.
Currently, Ethiopia generates most of its electricity from hydropower stations. The Ashegoda wind farm is the second wind power facility in the country after the 51-MW Adama I plant, which was put on stream in 2011. Last week, 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.
(EUR 1.0 = USD 1.380)