Thursday, June 23, 2011

France offers Ethiopia $590 mln for power, water projects

(June 23, 3011, ADDIS ABABA (Reuters) - France has signed a $590 million agreement with Ethiopia to boost water and energy projects, as well as for the construction of electricity transmission lines with Kenya, its embassy in Addis Ababa said.

The loan and grant deal will enable the French Development Agency (ADF) to develop water and sanitation schemes and support the management of geothermal and windmill projects, it said in a statement.
 
"In the same area, an important support is provided for the construction of Ethio-Kenyan electricity interconnection," the embassy said.

Ethiopia signed a 220 million euro deal with French wind turbine manufacturer Vergnet in 2008 for the construction of a 120 MW wind farm in the northern Tigray region as part of efforts to diversify its energy sources. Read more »

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