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Japan to loan $95 million for geothermal project in Ethiopia

Japan to loan $95 million for geothermal project in Ethiopia Aluto Langano Geothermal Power Plant (source: bgr.bund.de)
Alexander Richter 6 Jan 2014

Japan is loaning $95 million for the extension of the Aluto-Langano geothermal plant in Ethiopia as part of a larger effort in increased African activities by Japan and Japanese companies.

Reported on late last year, Japan is supporting Ethiopian efforts on geothermal development. As part of a planned visit by Japanese Prime Minister Shinzo Abe to Africa this week, it now emerges that the country will loan Ethiopia $95 million for the work on the Aluto-Langano geothermal plant expansion.

Japan is keen to counter the increasing Chinese influence in Africa, mostly due to the resource riches of the continent.

It is expected that the loans are for Japanese equipment for the plant.

Source: CapitalFM, Press TV