Power Supplier Looks to Consultants For Solar Project

Jun 30 , 2024


[ssba-buttons]

Ethiopian Electric Power (EEP) is seeking consultants for a 10-month feasibility study on the Utility Scale Weranso Solar PV Project, including hydrology, geotechnical, seismic, and solar resource assessments. This project in Afar Regional State is part of the government's expanded scaling solar program, which aims to boost capacity from 4 to 6 projects totalling up to 750MW. It was first announced four years ago but failed to take off due to conflict and a shortage of financing until the African Development Bank allotted funds a few months ago. Ethiopia has abundant renewable energy resources and has the potential to generate over 60,000 megawatts (MW) of electric power, while current output reaches less than 60pc of the country’s population Despite its energy deficit, Ethiopia exports electricity to Djibouti, Sudan, and Kenya to generate foreign exchange. However, success in solar projects has been mixed with several projects under a Public-Private-Partnership format failing to see the light of day. A 795 million dollar project in three regional states six years ago through the Finance Minstry has failed to atrract international attention.


Radar

Bank of Abyssinia Signs Partnership with Droga Cooperative

Bank of Abyssinia has entered into a partnership agreement with Droga Health & Financial Savings and Credit Cooperative to provide financial support and services for its members. The agreement was signed yesterday at the Bank's headquarters. The deal aims to strengthen collaboration between the two institutions, enabling cooperative members to access tailored banking services. It was signed by Wosenyeleh Abera, Deputy CEO for Customer Relations and Marketing at the bank, and Zelalem Yilma...


Radar

Wegagen Introduces Real Time SWIFT Tracking

Wegagen Bank has launched a new mobile app feature enabling customers to track international SWIFT payments in real time. The bank is the first in Ethiopia to introduce an online SWIFT payment tracking system. By integrating SWIFT Global Payment Innovation, customers, particularly those involved in import-export trade, can monitor cross-border transactions using a Unique End-to-End Transaction Reference (UETR) directly from their smartphones. To use the service, customers select the SWIFT...


Radar

National ID, Zambia Partners to Expands Program Reach

The National ID Program has signed an agreement with Zambia's counterpart to provide consulting services for the development of software that will issue digital IDs. It is the first time the institution has extended its expertise beyond national borders, a sign of growing recognition for its rapid progress. Program officials described the partnership as a milestone in their effort to position themselves as a regional player in digital transformation. The collaboration is expected to center...