Reported yesterday, Tulu Moye Geothermal Operations (TMGO), one of the first independent energy company in Ethiopia has signed a Power Purchase & Implementation Agreement with Ethiopian Electric Power, Ministries of Finance and Water, Irrigation and Electricity. The signing ceremony was held at Hyatt Regency here in Addis Ababa, Ethiopia.
Ethiopian Electric Power (EEP), Ministry of Finance and Economic Cooperation (MoFEC) & Ministry of Water Irrigation and Energy (MoWIE) signed the updated PPA & IA Agreements to allow the Tulu Moye Project to accelerate progress and investment in Ethiopia.
In speaking at the event, the Ministers pointed out this as a demonstration of Ethiopia’s commitment to inviting and engaging private sector investment.
Source : TMGO via Instagram