Japan to Fund Portable Geothermal Power Plant

Mar 20 , 2021

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.


Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and 767,672tns of benzene. In the past fiscal year, the digital payment system, Telebirr, facilitated transactions totalling 103 million volumes worth 61.8 billion Br. Of these transactions, 81.39pc were for diesel, while 17.82pc were for benzene. The number of fuel stations increased from 682 to...


Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...