Posted on 10/10/08
Ethiopia signs deal to build huge wind farm
Ethiopia yesterday signed a €220-million ($344-million) deal with a French company for the construction of Africa's largest wind farm. The contract was inked by the Ethiopian Electric Power Corp. (EEPC) and French wind turbine manufacturer Vergnet. The wind farm is expected to produce 120 megawatts within two and half years, making it the largest such project on the continent. "This project will help us to fill the gap of hydrological risks we are facing in Ethiopia with the droughts," EEPC chairman Meheret Debebe said, noting it totals 15 per cent of its present capacity. ALVER rose 11 euro cents to €4.90 ($7.66).
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