International Finance Corporation Working on Solar Power Project in EthiopiaNovember 3, 2018 - The International Finance Corporation (IFC) is working on solar power project in Ethiopia to generate 500 megawatt of electricity, according to the Reporter. The International Finance Corporation (IFC) is the private sector of the World Bank. According to The Reporter, Sergio Pimenta, vice president of IFC for the Middle East and Africa said that IFC is running a program called “Scaling Solar” in which the development financier will scale-up investments for the production of 500MW of solar power. According to IFC, once completed, the solar project will be Africa's largest. Pimneta also said the solar program is part of the newly instituted Public Private Partnership (PPP) structure the government of Ethiopia has initiated.

Source: Ethiopian News November 03, 2018 19:52 UTC