M a r k e t N e w s
Toshiba to partner with Ethiopian power utility on geothermal development
Posted on : Thursday, 29th September 2016
Eastern Africa remains an important market for Japanese turbine suppliers. Toshiba Corp. has now announced the signing of a partnership agreement with the Ethiopian power utility. This follows similar partnership arrangements with Uganda, Tanzania and Djibouti.
The company signed a comprehensive partnership agreement with Ethiopian Electric Power, that will see the parties collaborate in geothermal power generation projects and personnel development.
Ethiopian Electric Power (EEP), a publicly owned utility, engages in the development of geothermal resources and the construction of power plants, said a statement.
Through the partnership with EEP, Toshiba will draw on its long-standing experience and expertise in geothermal systems to contribute to projects in Ethiopia. The company will, more specifically, develop and manufacture major equipment, create operation and management guidelines, co-operate in personnel development, and start a waste heat utilization business.
Ethiopia plans to increase its current installed generating capacity of 2,268 megawatts (MW) to 37,000 MW by 2037, and the development of geothermal power will play a significant role in reaching that target, said the statement.
Source : www.thinkgeoenergy.com
