Ethiopia: Ashegoda wind farm inaugurated
Issue 265 - 08 Nov 2013
Prime minister Hailemariam Desalegn formally inaugurated the 120MW Ashegoda wind farm on 26 October. The wind farm, which started commissioning a year ago, was developed by France’s Vergnet, which signed a contract with Ethiopian Electric Power Corporation (EEPCo) in October 2008. Lahmeyer carried out feasibility studies and supervised construction. Financing for the €210m ($272m) project was provided by €113m of buyer credit from Compagnie Française d’Assurance pour le Commerce Extérieur, a €45m concessional loan from the Agence Française de Développement, and a €33m tied commercial loan from BNP Paribas. EEPCo provided €19m in local currency.
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