11 November 2013, Addis Ababa – Global Trade & Development Consulting together with its project development partner, Energy Ventures, both based in Maryland, United States, has announced the award to them of the contract by the Ethiopian Ministry of Water & Energy (MoWE) and the Board of Directors of the Ethiopian Electric Power Corporation (EEPCo) to build, operate, and transfer three, 100 megawatt solar sites, in the eastern part of Ethiopia.
The site selection, due diligence and feasibility study were completed earlier this year, receiving both technical and financial approval from both the MoWE and EEPCo.
Ethiopia is in the initial set of countries in President Obama’s “Power Africa” initiative.
In addition to the needed power generation capacity, a key element of this 300 MW solar project, is the economic development resulting in the creation of more than 2,000 construction jobs that would inject millions of dollars into the Ethiopian economy. Ongoing plant operations would yield several hundred new jobs as well.
“This project represents a significant advance in our Ethiopian energy,” Alemayehu Tegenu, minister of Water and Energy said.