Japan to Fund Portable Geothermal Power Plant

Mar 20 , 2021


[ssba-buttons]

With the capacity to produce five megawatts of power, a portable geothermal power plant will soon be introduced with the help of the Japanese International Cooperation Agency (JICA). Japan has agreed to provide an 18-million-dollar grant to Ethiopian Electric Power (EEP), which is planning to commence commercial operations in August 2021. It is developing a five-megawatt geothermal power plant at the Aluto-Langano Geothermal Wellhead Power System. "Its generation capacity is rather small, but it is easy to install,” said Katuski Morihara, chief representative of JICA in Ethiopia. JICA supports efforts to explore the possibility of power-generation projects in Afar Regional State, carrying out preparatory surveys for a large-scale geothermal power plant at Aluto-Langano. EEP hopes to generate 50MW of power, a fraction of the 1,000MW of power Ethiopia plans to generate from its geothermal potential, by 2030. The Toshiba Energy Systems & Solutions Corporation (ESS), along with Toyota Tsusho Corporation and Turkish engineering company Egesim Energy Electro-Mechanic Construction Contracting, has received the engineering, procurement and construction contract for the project. Ethiopia currently has an electricity access rate of 45pc.


Radar

Korenti, Agelegel Microfinance Ink EV Financing Deal

Korenti Auto Trading PLC has signed a strategic agreement with Agelegel Microfinance to provide accessible financing options for electric vehicle (EV) buyers. The partnership seeks to ease EV ownership by offering fair pricing and loan packages with affordable rates. The initiative supports Ethiopia's push for clean transport and aligns with national sustainability goals. Korenti's managing director said the move reflects the company's commitment to expanding electric mobility. Customers can now...


Radar

NBE Leads Week-Long Bank Supervision Application Forum

The National Bank of Ethiopia (NBE) is hosting a week-long Bank Supervision Application (BSA) User Group meeting that began on July 7, 2025. The BSA system, developed by a pan-African consortium of central banks including the NBE, automates supervisory work for financial regulators. NBE will take over the rotating BSA chairmanship in September. Opening the session, Frezer Ayalew, Director of Bank Supervision, stressed the need for modern tools to handle growing regulatory demands amid cyberse...


Radar

Six Fuel Companies Banned, Seven Warned, Authority Noted Illicit Activity

The Ethiopian Petroleum & Energy Authority has taken disciplinary action against 13 fuel distribution companies for illegally trading 2.8 million litres of fuel outside the digital system in the past two months. Six firms face a one-month suspension from the fuel import and trading market, while seven others received final warnings and must rectify their operations within a month. Director General Destawe Mekwanant (PhD) said the companies failed to monitor fuel stations and ensure proper...