Global Trade and Development Consulting together with its partner, Energy Ventures, both Maryland-based companies, won a contract by the Ethiopian Ministry of Water and Energy and the board of directors of the Ethiopian Electric Power Corp. to build, operate and transfer three, 100 MW solar energy sites, in the eastern region of Ethiopia.
The site selection, due diligence and feasibility study were completed earlier this year, receiving both technical and financial approval from both the Minister of Water and Energy and EEPCo.
Ethiopia is in the initial set of countries in President Obama’s “Power Africa” initiative. In addition to the needed power generation capacity, a key element of this 300 MW solar power project, is the economic development resulting in the creation of more than 2,000 construction jobs that would inject millions of dollars into the Ethiopian economy. Ongoing plant operations would yield several hundred new jobs as well.