electricity – New Business Ethiopia

Ethiopia GERD to produce electricity in few months

July 20, 2021July 24, 2021BEHAK

The Ministry of Water and Irrigation of Ethiopia says the controversial Great Ethiopian Renaissance Dam GERD (GERD) is set to commence electricity production after a few months.

Angola secures $530 million for energy project

March 18, 2021March 18, 2021BEHAK

The African Development Bank has committed $530 million to finance the construction of a 343 km, 400 kV central-south transmission line that will connect the north and south transmission grids in Angola.

Ethiopia’s Tigray region returns to darkness

February 17, 2021February 21, 2021BEHAK

Tigray region of Ethiopia once gain returned to darkness after ‘remnants of Tigray Peoples Liberation Front (TPLF)’ reportedly attached electric power station.

Butajira City infrastructure investment paying off

February 2, 2021February 3, 2021newbusinessethiopianews

Effective investment in infrastructure by Butajira City, one of the fastest growing cities of Ethiopia, has been paying off facilitating jobs creation and generating revenue to the municipality, says an official.

Ethiopia restores telecom, electricity services in Tigray

December 14, 2020December 14, 2020newbusinessethiopianews

The Government of Ethiopia said it has restored telecom and electricity services in most of the towns in Tigray region. Tigray has been been in darkness with no electricity and absence of telecommunication services for about a month following a military confrontation between the federal government and Tigray peoples Liberation Front (TPLF) led militia.

Ethiopia’s mega dam to generate electricity

October 13, 2020October 13, 2020NBE

Two turbines of the Great Ethiopian Renaissance Dam (GERD) will start generating hydropower after five months, said Prime Minister Abiy Ahmed of Ethiopia.

Ethiopia – Addis Ababa revokes 1,178 investment licenses

January 6, 2020January 6, 2020newbusinessethiopianews

The capital of Ethiopia, Addis Ababa City, has revoked a total of 1,178 investment licenses for failure to realize the projects.

Ethiopia earns $916 million from export

December 13, 2019December 13, 2019newbusinessethiopianews

Ethiopia has earned a total of $916 million from export of different commodities and electricity over the first four months of the current budget year started July 8, 2019.

Ethiopia to launch $2.5 billion geothermal electric project

July 3, 2019July 3, 2019

Ethiopia, the east African nation currently facing severe energy shortage, is set to begin implementation of a new 520 MW geothermal electric power project.

Korea Exim Bank provides $264 million to Ethiopia

April 23, 2019April 22, 2019NBE

South Korea Exim Bank has provided $264 million loan to the Government of Ethiopia supporting ongoing development projects of the government.

Kenyan, Chinese companies secure Ethiopia’s geothermal deal

February 26, 2019July 23, 2019

A Kenyan and two Chinese companies have secured a geothermal power project in Ethiopia after the government re-launches the Aluto Langano geothermal project.

Ethiopia collects $114 million from selling electricity

February 23, 2019February 23, 2019

Ethiopia Electric Utility (EEU) collects 3.2 billion birr (about $114 million) bill from its customers during the first six months of Ethiopian calendar started July 8, 2018.

Ethiopia eyes selling electric power to Gulf countries

January 14, 2019January 14, 2019

The Ethiopian Government expressed its plan to sell electric power to Gulf Countries by signing and agreement to launch feasibility study on Saturday.

Reducing risk for private investment in off-grid energy

December 26, 2018December 26, 2018

By Oliver Waissbein – In 2011 Rwanda was literally in the dark– 89 percent of the country, about 9.4 million people, didn’t have power. It was one of the lowest electrification rates in the world.

Consortium set to reduce Ugandan electricity costs

July 24, 2018August 1, 2018

A consortium of development finance institutions and commercial lenders today announced completion of the refinancing of more than $400 million loans of Bujagali Energy Limited (BEL), aiming to help reduce electricity costs in Uganda.