AMEA Power has signed a Power Purchase Agreement (PPA) and Implementation Agreement (IA) with Ethiopian Electric Power for the development and operation of a 300 MW wind energy project in Ethiopia.
The USD 620 million project, located in Aysha, Somali Region State, is expected to generate 1,400 GWh of clean energy annually, powering more than 4 million households and reducing carbon emissions by more than 690,000 tons per year.
This project was officially launched during COP28 in Dubai, where a Letter of Award (LOA) was signed between the Ministry of Finance, Ethiopian Electric Power, and AMEA Power. This followed AMEA Power’s qualification under the Public Private Partnership laws of Ethiopia.
Country updates
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September 19, 2023
Financing approved for transmission project in Ethiopia
The African Development Bank (AfDB) has approved US$104 million in financing to support a transmission project in Ethiopia. The project encompasses the establishment of 157 km of 400kV double-circuit...
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September 07, 2023
Tender issued for distribution system installation project in Ethiopia
Ethiopian Electric Utility has invited bids for the design, finalization, supply, installation, testing and commissioning of a medium voltage distribution system in seven towns.
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January 11, 2021
Siemens to equip, build 100 MW Assela wind project
Siemens Gamesa Renewable Energy SA has signed its first deal in Ethiopia, where state utility Ethiopian Electric Power Corp. will be building a 100 MW wind farm using 29 turbines of 3.4 MW capacity. T...
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October 02, 2020
Ethiopian parliament approves EUR117.3mn loan for Assela wind project development
The Ethiopian parliament has approved the loan agreement between the Danske Bank and the finance ministry of EUR117.3 million (US$136.5 million) that will be used for the development of the 100 M...
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August 26, 2020
Ethiopia launches first phase of PPP programs
The Ministry of Finance of the Government of Ethiopia is finalizing the preparations for the launching of the first phase of its public-private partnership (PPP) program. The approved proj...
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