Ethiopian Foreign Minister Dr Tedros Adhanom has held talks with his Egyptian counterpart, Nabil Fahmy, focusing on bilateral issues, on the sidelines of the 68th United Nations General Assembly in New York.
1000MW Facility will be Largest Geothermal Plant in Africa
(USAID)- Prime Minister H.E. Hailemariam Desalegn and Deputy Prime Minister H.E. Dr. Michael Debretsion were both in attendance to announce the first independent power project in Ethiopia’s history. The 1000MW Corbetti geothermal plant will be built in two 500MW stages and is expected to be the largest geothermal facility in of Africa, at a cost estimated at $4 billion over an 8-10 year construction period. Reykjavik Geothermal, a US-Icelandic private developer, will build and operate the power plant, located at Corbetti Caldera, considered a top geothermal resource by the team of Icelandic and Ethiopian geoscientists that have investigated the region.
Africa should use its rising and young population as a means of rapidly growing its economy, said Deputy Executive Secretary of the United Nations Economic Commission for Africa, Mr. Abdalla Hamdok.