Ethiopia: Toshiba signs geothermal MoU

Toshiba Corporation has signed a memorandum of understanding (MoU) with Ethiopian Electric Power on a geothermal power partnership envisaging collaboration in power generation projects and personnel development. Toshiba said it had committed to develop and manufacture major equipment, create operation and management guidelines, co-operate in personnel development, and start a waste heat utilisation business. Toshiba says it commands the world’s largest market share for geothermal equipment, with 24% of total installed capacity. Ethiopia’s geothermal potential is estimated at 6,000MW, but has yet to be explored and developed, though several projects are in their early stages.