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Nation’s Most Expensive Dam Undertaken by Sino-Ethiopia JV

Nation’s Most Expensive Dam Undertaken by Sino-Ethiopia JV

Addis Ababa, Ethiopia – A joint venture between two Chinese and one Ethiopian contractor are undertaking the construction of the twin Gebba Hydro electric power dams, with 9.3 billion Br… Read more »

Ethiopia, World Bank Sign $203 Million Financing Agreement

Ethiopia, World Bank Sign $203 Million Financing Agreement

Addis Ababa, Ethiopia – The government of Ethiopia and World Bank yesterday signed financial agreement amounting to 203 million USD for the development of geothermal energy. Of the total amount… Read more »

New Age Ltd assesses exploration well potential

New Age Ltd assesses exploration well potential

By Kaleyesus Bekele Addis Ababa, Ethiopia - The British company that is prospecting for oil in the Ogaden basin, New Age Ltd, is assessing the oil and gas potential in the… Read more »

Tullow to start drilling third exploration well

Tullow to start drilling third exploration well

By  Kaleyesus Bekele Addis Ababa, Ethiopia - The British oil company  in Ethiopia, Tullow Oil, is to start drilling its third exploration well in Southern Ethiopia. Previously, Tullow has drilled the… Read more »

Change the laws and boost investment, workshop tells government

Change the laws and boost investment, workshop tells government

Addis Ababa, Ethiopia - Various companies have proposed that the government introduce better petroleum and mining laws to help boost the potentially lucrative industry. eDuring a two-day workshop at the Harmony… Read more »

New Age discovers oil, gas in Elkuran-3

New Age discovers oil, gas in Elkuran-3

Addis ababa, Ethiopia - The British Oil company prospecting for oil in the Ogaden basin, New Age, has noted oil and gas flow in its appraisal well Elkuran-3. New Age started… Read more »

Reykjavik Geothermal Agrees to Build 1,000 Megawatts in Ethiopia

Reykjavik Geothermal Agrees to Build 1,000 Megawatts in Ethiopia

Press Release The Government of Ethiopia and Reykjavik Geothermal (RG) today announced an agreement to build and operate up to 1000 MW of geothermal power in two 500 MW phases…. Read more »

No oil in first exploration well in South Omo

No oil in first exploration well in South Omo

By Kaleyesus Bekele The UK oil firm, Tullow Oil, did not find oil in the first exploration well it drilled in its concession in the South Omo basin, it was… Read more »

Tullow drills for Ethiopia’s first oil

Tullow drills for Ethiopia’s first oil

Tullow Oil, the British explorer that found Kenya’s first crude a year ago, is about to find out whether the resources extend into neighboring Ethiopia, a nation dependent on agriculture… Read more »

Obama pledges $7 billion to upgrade power in Africa

Obama pledges $7 billion to upgrade power in Africa

(CNN) — U.S. President Barack Obama pledged $7 billion Sunday to help combat frequent power blackouts in sub-Saharan Africa. Funds from the initiative, dubbed Power Africa, will be distributed over the… Read more »

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