• 5 minutes Rage Without Proof: Maduro Accuses U.S. Official Of Plotting Venezuela Invasion
  • 11 minutes IEA Sees Global Oil Supply Tightening More Quickly In 2019
  • 14 minutes Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 13 mins Alberta govt to construct another WCS processing refinery
  • 14 hours Let's Just Block the Sun, Shall We?
  • 9 hours What Can Bring Oil Down to $20?
  • 40 mins Venezuela continues to sink in misery
  • 1 day U.S. Senate Advances Resolution To End Military Support For Saudis In Yemen
  • 1 day Regular Gas dropped to $2.21 per gallon today
  • 1 day Waste-to-Energy Chugging Along
  • 1 day What will the future hold for nations dependent on high oil prices.
  • 23 hours Sane Take on the Russia-Ukraine Case
  • 21 hours Sleeping Hydrocarbon Giant
  • 2 hours Contradictory: Euro Zone Takes Step To Deeper Integration, Key Issues Unresolved
  • 1 hour $867 billion farm bill passed
  • 38 mins OPEC Cuts Deep to Save Cartel
  • 2 hours WTO So Set Up Panels To Rule On U.S. Tariff Disputes
China Determined To Avoid Another Natural Gas Crisis

China Determined To Avoid Another Natural Gas Crisis

Determined to avoid a natural…

The U.S. Oil Industry’s Dirty Little Secret

The U.S. Oil Industry’s Dirty Little Secret

The U.S. oil industry has…

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