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 transmission lines and the development of associated substations situated at Harar, Jijiga, and Fafem. This investment is poised to enhance the electricity transfer capacity in the eastern region of Ethiopia and will serve as an initial connection point for a potential future power interlink with Somalia. The funding for this initiative comprises a US$52 million grant from the African Development Fund, the concessional lending division of the group, along with a US$52 million soft loan sourced from South Korea's Economic Development Cooperation Fund.
Country updates
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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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July 06, 2020
Danske Bank approves EUR117.3mn financing for the Assela wind power project
The Government of Ethiopia has secured a EUR117.3 million (US$131.90 million) of loan financing for the development of the Assela wind farm project. The wind farm that requires about EUR146 mil...
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