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Plural News and Analysis on Ethiopia and HOA

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Posts Tagged ‘EEPCO F.C.’

Ethiopia|4 billion USD Corbetti Geothermal power agreement signed

Posted by Ethio Tribune on October 24, 2013

4 billion USD Corbetti Geothermal power agreement signed

The signing ceremony at the Sheraton Addis officially launches the establishment of Corbetti Geothermal Power as an Ethiopian based company for geothermal development and operations. The total cost of the power project is 4 billion USD.

Reykjavik Geothermal, an Icelandic company financed by American shareholders, is the owner of Corbetti and has numerous geothermal concessions in Ethiopia.

Ethiopian Electric Power Corporation (EEPCo) agrees to buy the energy generated by the company for the coming 25 + years. The signing ceremony attracts the Deputy Prime Minister for the Finance and Economic Cluster and Minister of Communications and Information Technology, Debretsiyon Gebremichael, Minister of Mines Sinkinesh Ejigu, ambassadors, CEOs and other dignitaries.

After signing the ever largest direct investment in the sector, CEO of EEPCo Mihret Debebe said geothermal power plants offer alternative energy for power hungry growing industries in the country.

What makes seamless geothermal power plants is their round the clock energy provision to industries seeking uninterrupted power supply. Corbetti Geothermal Power is estimated to generate over 1000MW electric power once it completes its two phase construction.

The first phase of construction is expected to generate 500MW within five years and the remaining would come in the next 8 years, according to the agreement signed between the company and Ethiopian government.

Nejib Abba Biya, Principal of Rift Valley Geothermal and co-founder of Allana Potash, is initiator of the project. After signing the agreement, he said “with bold leadership in place it is possible for Ethiopia to achieve the much talked about middle income economy and more.”

He admired the leadership of the government in turning the project earlier assumed to be of 300 MW to 1000+MW plant.

With Reykjavik Geothermal, which is one of the most competent companies in the geothermal energy development, Abba Biya believes such big projects have the power to move Ethiopia forward to help it meet the need for better living standard.

Minister Debretsiyon lauds all those involved for making this big project possible after 18 months of studies and meticulous negotiations. He pledges the government is there to help such investments happen by providing the necessary support.

Posted in News & Analysis | Tagged: , , , | 2 Comments »

Alstom to Supply EUR250 Million Equipment for Dam in Ethiopia

Posted by Ethio Tribune on January 7, 2013

Grand-Ethiopian-Renaissance-DamFrench power equipment and train manufacturer Alstom SA (ALO.FR) Monday said it signed a contract to supply hydropower equipments worth 250 million euros ($325 million) to the Grand Renaissance dam in Ethiopia.

MAIN FACTS:

– Alstom signed a contract with Metals & Engineering Corporation (METEC) to supply turbines and generators for the hydro power plant of the Grand Renaissance dam, located on the Blue Nile in Ethiopia. The power plant will be operated by EEPCO.

– Alstom will supply and supervise the installation of all electromechanical equipment for the plant, including eight 375-MegaWatt turbines and eight generators for the first phase. The contract also includes engineering and power plant commissioning.

– When completed, the Grand Renaissance power plant, with a total output of 6,000 MW, will be the largest hydro project in Africa and a priority for the Ethiopian government.

Posted in News & Analysis | Tagged: , , , , | 3 Comments »

Ethiopia test runs electricity for Sudan

Posted by Ethio Tribune on August 13, 2012

The Ethiopian Electric and Power Corporation (EEPCo) confirmed that it has started a test run of electricity to neighboring Sudan,

as it moves to set up a permanent power export to its neighbor. The power supply test started this past week following the completion of the Ethio-Sudan Transmission Line set up at a cost of USD 41 million.
“The test run so far has been successful, now we know that everything works and we are able to provide Sudan with electricity, but the test run will continue until it is assured that all systems function correctly,” said Adissu Tagele, PR of Ethiopian Electric and Power Corporation (EEPCo.)
The 230 kv transmission line is 296Km long and initially Sudan will be provided with 100 megawatts of electricity during the test run. The project is financed by the World Bank with ENEGROINVEST constructing the transmission line and SUNIR International involved as a substation contractor.
European firms HIFABOY and FITCHER served as project consultants until the end of December 2010 with the Transmission and Engineering Office of the Ethiopian Electric Power Corporation taking over consulting and supervision as of 2011.
The transmission line in Ethiopia has three sections, Bahir Dar to Gondar (137.2 Km), Gondar to Shehedie (122 Km) and Shehedie to Metema (37Km). The final section is connected through a transmission line in the Sudanese city of Gedaref.
“The Ethio-Kenya project is still in the surveying and designing stage, we don’t yet know when the actual construction will start to take place,” stated Adissu.
EEPCo says that the Ethio-Sudan Transmission Line Project is expected to further develop the East African Power Pool which encompasses power inter interconnection projects between Ethiopia-Kenya, Tanzania-Zambia-Kenya-Uganda and Ethiopia-Sudan-Egypt.
Concerning South Sudan, he stated that there is only a signed Memorandum of Understanding (MoU). “We have not signed any papers about starting any projects with South Sudan yet, so for now nothing is going on,” said Adissu.

(source: Capital Ethiopia)

Posted in News & Analysis | Tagged: , , , , , , , | 1 Comment »

 
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