• 3 minutes Is Pete Buttigieg emerging as the most likely challenger to Trump?
  • 6 minutes Question: Why are oil futures so low through 2020?
  • 9 minutes Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 8 mins Energy from thin air?
  • 2 hours Fast-charging, long-running, bendy energy storage breakthrough
  • 6 hours CoV-19: China, WHO, myth vs fact
  • 19 hours Has Trump put the USA at the service of Israel?
  • 2 hours Can LNG Kill Oil?
  • 21 hours Solar Cells at 25 Cents Apiece (5 cents per watt)
  • 1 hour The New Class War Exposes the Oligarchs and Enablers
  • 1 day Foxconn cancelled the reopening of their mfg plants scheduled for tomorrow. Rescheduled to March 3rd. . . . if they're lucky.
  • 21 hours Trump reinvented tariffs and it worked
  • 2 mins Cheap natural gas is making it very hard to go green
  • 24 mins "For the Public's Interest"
  • 2 days Is cheaper plastics feedstock on the horizon?
  • 2 days Natural Gas from Cow Poop Used to Save the Environment and Help Farmers
Is This Technology The Secret Sauce For EVs?

Is This Technology The Secret Sauce For EVs?

Electric vehicles remain expensive, but…

France Finances Ethiopian Power Transmission Line to Kenya

France Finances Ethiopian Power Transmission Line to Kenya

France has provided Ethiopia with a $101.5 million grant to build a power transmission line to Kenya.

The grant is part of a $488.7 million loans and grants package that France has provided to Ethiopia after a bilateral cooperation agreement was signed between Ethiopia’s Minister of Finance and Economic Development Sufian Ahmed and French ambassador Jean Christopher Beiliard, the Addis Fortune newspaper reported. France has dramatically escalated its aid to Addis Ababa, as the amount for the transmission line equals France’s entire bilateral assistance in 2004.

France has now become one of the major foreign supporters of Ethiopia, with its official aid to Ethiopia increasing nearly 800 percent since 2006.

Bilateral trade between Ethiopia and France has now topped $65 million a year, but is heavily weighted in favor of France, whose imports account for more than 90 percent of the sum.
Kenya is one of three countries bordering Ethiopia in negotiations with the Ethiopian Electric Power Corp to buy electricity. EEPCo has already started a test transmission of 50MW to Djibouti over a $64 million transmission line built with a loan from the African Development Bank, and Sudan has also signed a memorandum of understanding for purchasing power.

Ethiopia currently produces 2,000 MW of electric power. The Ethiopian government has ambitious plans to produce 10,000 megawatts of hydroelectric power in the next five years and government officials state that Ethiopia has the potential to produce more than 45,000 megawatts of electricity annually from hydro power.

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage


Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News