The Government of Ethiopia has signed a deal with French infrastructure development company for the purchase of geothermal energy from the $800 million energy project of the company. Meridiam of France has inked deal with the government of Ethiopia this week to sell the geothermal energy its is going to produce from the Tulu Moye geothermal prospect site is located in Oromia Region of Ethiopia. The deal is the biggest in the country’s history of energy purchase. Up until the government revised its policy a few years ago, energy production has been monopolized by the government. The power purchase agreement was initially signed in December 2017 when the French company enters the energy market of the country.

Source: Ethiopian News April 03, 2020 08:32 UTC