ACWA, Ethiopia Ink Power Purchase Deal

Dec 21 , 2019


ACWA Power, a Saudi Arabian power company, signed a 20-year power purchase agreement (PPA) with Ethiopian Electric Power on December 19, 2019. The agreement was made for two 125MW solar photovoltaic (PV) projects in Afar and Somali regional states. ACWA will sell the power at 0.0252 dollars a kilowatt-hour from Gad Solar Project in the Afar Regional State and 0.0259 dollars a kilowatt-hour from Dicheto Solar Project in Somali Regional State. With a combined capacity of 250MW, the PV projects are estimated to power 750,000 homes in Ethiopia and offset 320,000tn of carbon dioxide a year. ACWA Power was selected as the winner of the project out of 12 pre-qualified bidders.


Radar

BEARISH STROLLS

A street vendor around Chechnya sells colourful giant teddy bears. Theatrical spectacles with evading street vendors and officials from the Code Enforcement Authority are ubiquitous across the streets of Addis Abeba. Nearly a sixth of the capital-employed labour force is engaged in the informal sector. A series of campaigns by the Peace & Security Administration Bureau to reel in the proliferation of street vendors has been largely unsuccessful as more and more people migrate into the capita...


Radar

HEAVY SYNC

Daily labourers around Qaliti attempt to lift a portion of a giant 16-wheeler truck that was in an accident. A recent decision by the Ethiopian Customs Authority to deny clearing procedures for imports of vehicles through fractionalized letters of credit has fueled anxiety in the car import business sector. An announcement by the Adama Customs Commision Branch office last week of an auction for 237 vehicles has sparked outrage as several importers and Ethiopian diaspora are up in arms over alleg...


Radar

MARCHING BLOCKS

Renovations around the soon-to-be-inaugurated Adwa Zero Km museum around Piazza kick up in gear. The museum is an integral element of a series of mega projects in the capital carefully watched over by Mayor Adanech Abiebe. The 4.6 billion Br project sits on a whopping 45,000 sqm space and houses 11 blocks with auditoriums, galleries, gyms and art installations. The contractor is China Jiangsu International ETCG, while consultancy services are provided by Ethiopia Construction Design Supervision...


Back
WhatsApp
Telegram
Email