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Tullow, ministry deny oil discovery report
Addis Ababa, Ethiopia -Â The British oil company, Tullow, and the Ethiopian Ministry of Mines denied media reports that claim that Tullow has discovered oil in the South Omo Valley.
A US based website, Energy and Capital, this week reported that Tullow has discovered oil in Ethiopia. However, executives of Tullow have completely denied the news report. The executives who labeled the report as baseless...
US Developer Launches 400 MW Ethiopia Wind Project
Terra Global Energy Developers, LLC, the first US wind energy developer to enter Ethiopia’s growing wind energy sector, today announced the launch of a 400 MW wind energy project in Debre Birhan, Ethiopia.
Press Release
San Francisco, CA and Addis Ababa, Ethiopia (PRWEB) February 14, 2013 - Terra Global Energy Developers, LLC (Terra), the first US wind energy developer to enter Ethiopia’s growing...
Total Ethiopia to relocate its HQ
By Pawlos BeleteÂ
Jonathan Molapo (Photo: Capital Ethiopia)
Addis Ababa, Ethiopia - Total Ethiopia, the oldest stakeholders in the retail fuel and lubricant business of Ethiopia, is going to relocate its head office as its current HQ is right in the line of the under construction Addis Ababa City Light Railway. The rail project will demolish more than half of the company’s headquarters adjacent...
UK eyes Ethiopia’s Green Energy Investment
By Yonas Abiye
Addis Ababa, Ethiopia -Â The UK government has expressed its desire to work with Ethiopia on renewable energy sector through the active involvement of its private sector with their Ethiopian counterparts.
As part of UK’s initiative of low carbon business in East Africa, Gregory Barker MP, State Minister for Energy and Climate Change, UK’s Department of Energy and Climate...
Agriterra sells interest in South Omo for $50 million
(Press Release) – Agriterra Ltd, the AIM listed pan African agricultural company, is pleased to announce that it has entered into an agreement with Marathon Ethiopia Limited BV, a subsidiary of Marathon Oil Corp (‘Marathon’), for the sale of its 20% legacy interest in the South Omo Block (‘South Omo’) in Ethiopia, for a cash consideration of US$40m on completion and...
EEPCo envisions next 25 years
Addis Ababa, Ethiopia -Â The Ethiopian Electric Power Corporation (EEPCo) is revising the twenty five year power sector master plan with its aim to generate 37,000 mega watts (MW) of electric power in the coming quarter century.
EEPCo, which is the state’s sole electric power provider in the country, first introduced its master plan in 2000 which included a plan to generate power for the next twenty...
Kenya’s oil discovery is good news for Ethiopia
Addis Ababa, Ethiopia – Successful oil discoveries in Kenya should be good news for Ethiopia given their geographical similarity, experts said.
London based Tullow Oil, first found oil in Uganda’s Lake Albert Rift Basin and then extended its exploration to the East African Rift Basins of Kenya and Ethiopia in 2010.
The third quarter of 2012 will see Ethiopia’s first well drilled by Tullow...
