Chinese firm to develop wind farm in Ethiopia
Dongfang Electric Corporation Limited (DECL), the Chinese-based electric company has closed an agreement with state-owned Ethiopian Electric Power Utility (EEPU) for the development of a wind farm located 20 kilometers distance from Ethio-Djibouti border in Somali State, Ethiopia.
The project involves the development of a 120 MW wind farm, which comprises 80 turbines capable to generate a total of 1.5 MW.
The total project investment is estimated at US$257 million
The feasibility study for the project was carried out 2 year ago and it is scheduled to be completed in a year and a half.
Export Import Bank of China, will contribute to finance the project with an amount equivalent to the 85 per cent of the total project investment. The remaining 15 per cent will be financed by the Ethiopian Government.
Country news
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