Ethiopia: US firms in solar contracts


Issue 266 - 25 Nov 2013 | 1 minute read

The Ministry of Water and Energy and the Ethiopian Electric Power Corporation have given US companies Global Trade and Development Consulting and Energy Ventures a contract for three 100MW solar plants in the east of the country.The site selection, due diligence and feasibility study were completed earlier this year and the plants will be developed on a build-operate-transfer basis. Global Trade and Development Consulting is run by Ethiopian-born economist Yonnas Kefle. In 2010, the government launched its Growth and Transformation Plan, which aims to turn Ethiopia into a middle-income country by 2023.

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