Monday, September 29, 2014

Japan, Ethiopia:

Toshiba Concludes a Memorandum of Understanding with Ethiopian Electric Power on Geothermal Power Generation (BusinessWire)

Toshiba Corporation today announced that the company has concluded a Memorandum of Understanding (MOU) with Ethiopian Electric Power on a comprehensive partnership in geothermal power that will see the parties collaborate in 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. Through the partnership with EEP, Toshiba will draw on its long-standing experience and expertise in geothermal systems to contribute to projects in Ethiopia. More specifically, the company will develop and manufacture major equipment, create operation and management guidelines, cooperate in personnel development, and start a waste heat utilization business.

Ethiopia is geothermal rich, with resources estimated at equivalent to 6,000 megawatts. However, this potential has yet to be explored and developed, and over 90 percent of the country’s electricity is from hydropower sources. Looking to the future, Ethiopia plans to increase its current installed generating capacity of 2,268 megawatts to 37,000 megawatts by 2037, and the development of geothermal power will play a significant role in reaching that target.

Toshiba International Corporation - Power Systems is at both numbers 741 and 739 at the GEA Expo, being held in conjunction with the GRC Annual Meeting at the Oregon Convention Center, Portland, Oregon, September 28 - October 1.

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