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Toshiba to partner with Ethiopian power utility on geothermal development

Addis Ababa, Ethiopia (Source: Flickr, CC, By: neiljs)
Alexander Richter Alexander Richter 15 Sep 2016

Japanese Toshiba Corp. signs comprehensive geothermal power partnership agreement with Ethiopian Electric Power, for the collaboration on project and personnel development.

Eastern Africa remains an important market for Japanese turbine suppliers. Toshiba Corp. has now announced the signing of a partnership agreement with the Ethiopian power utility. This follows similar partnership arrangements with Uganda, Tanzania and Djibouti.

The company signed a comprehensive partnership agreement with Ethiopian Electric Power, that will see the parties collaborate in geothermal power generation projects and personnel development.

Ethiopian Electric Power (EEP), a publicly owned utility, engages in the development of geothermal resources and the construction of power plants, said a statement.

Through the partnership with EEP, Toshiba will draw on its long-standing experience and expertise in geothermal systems to contribute to projects in Ethiopia. The company will, more specifically, develop and manufacture major equipment, create operation and management guidelines, co-operate in personnel development, and start a waste heat utilization business.

Ethiopia plans to increase its current installed generating capacity of 2,268 megawatts (MW) to 37,000 MW by 2037, and the development of geothermal power will play a significant role in reaching that target, said the statement.

Source: TradeArabia News Service via 4-traders