Enel Green Power and Ethiopian infrastructure company Orchid Business Group have been selected as preferred bidder for a 100MW solar plant tender launched by local utility Ethiopian Electric Power (EEP).
The consortium has the right to develop, build and operate the $120m project in Metehara, almost 200km east of Addis Ababa.
The plant is expected to come online in 2019 and will generate approximately 280 gigawatt hours a year of electricity.
EEP has a 20-year power purchase agreement for all the electricity generated by Metehara.
Enel Green Power head Antonio Cammisecra said: “Ethiopia has all the potential to become a key market for Enel’s strategy in Africa.
“The country has plenty of renewable sources that can generate energy at affordable rates thanks to modern green technologies.
“Additionally, Ethiopia boasts a stable regulatory framework, based on tenders and PPAs, and steady energy demand growth, which is also sustained by a long-term electrification plan.”
Image: Enel
Enel soaks in Ethiopian sun
Rights won with local partner Orchid Business to develop 100MW solar plant
By EBS