Ethiopian Electric Power (EEP) has signed a deal with one Kenyan and two Chinese firms for the Aluto Langano geothermal power project.
The companies will supply materials and drill wells for energy sources for the 70MW renewable energy farm.
According to EEP, the project is expected to cost around US$173.2mn. Financing will be provided by the World Bank, with funding sourced from loans and grants, Xinhuanet reported.
“As we extend our services to Ethiopia, we are leveraging on our expertise, in-depth knowledge of the African Rift Valley and close to four decades of successful drilling experience,” stated Rebecca Miano, Managing Director and CEO of KenGen.
“Currently we have some geothermal drilling rigs that are idle and now broken down and therefore the need to purchase new ones,” added Abraham Belay, CEO of EEP.
“We will be delighted to have you build the capacity of our people to be able to manage the equipment and run the power plants even after you exit the sites.”