Archive for October, 2011

Ethiopia to sign Agreement with Djibouti to use Port for Coal Import

(HornTrade) – Ethiopia is to sign an agreement with Djibouti next month for the use of its Port to ship in and unload coal that the Ethiopian Petroleum Enterprise (EPE) plans to import to be used as fuel for cement factories.

Yigzaw Mekonnen, director general of EPE and Mekonnen Abera, head of market research and business promotion of the Ethiopian Shipping & Transit Services Enterprise, (EMTSE) were in Djibouti last week discussing the terms of the deal with Aboubaker Omar Hadi, the chairman of the Port. Read the rest of this entry »

Djibouti Will Spend $19.6 Million to Develop Geothermal Power

(HornTrade) – Djibouti plans to spend $19.6 million over the next two years exploring for geothermal-power sources as the Horn of Africa nation seeks to address an electricity shortage, Energy Minister Ahmed Fouad Ay said.

The project will be funded by the Global Environment Facility, an independent organization that provides grants to developing countries, as well as the World Bank and the Organization of Petroleum Exporting Countries, Ay told reporters yesterday in Djibouti City, the capital. Drilling is expected to be completed by 2013, while the country intends to develop a 56- megawatt geothermal power plant by 2018, he said.

“The commissioning of a geothermal power-plant will help Djibouti switch to green energy in less than a decade,” Finance Minister Ilyas Dawaleh Moussa said at the briefing. Read the rest of this entry »

Ethiopian Oil Company to Launch Operations Regionally

(H0rnTrade) – National Oil Ethiopia Plc (NOC) is exploring the launch of operations in the East African Nations of Southern Sudan and Djibouti. NOC will install fuel stations and depots to provide complete oil retailing services in these countries, once a final decision has been made.

“We have only a plan and we are only exploring business opportunities in these countries. We are not sure whether we will be entering these markets or not” said Tadesse Tilahun, CEO and shareholder of NOC. The CEO explained that NOC is just investigating business opportunities in neighboring countries and has not made a final decision to enter the regional markets. Read the rest of this entry »

Earth Heat Operations In East Africa

(Horntrade) – Djibouti – resource review due February 2012

Earth Heat has operations in several African countries as well, and continues to explore value-adding options for taking its Fiale Geothermal Project (Fiale) forward, which is located in Djibouti.

The company is already eyeing one or more potential joint venture partners, with commercial negotiations to continue and no particular outcome is certain.

Marshall added, “The company has really taken some major steps in undertaking this large project by introducing potential Joint Venture partners and we work diligently to bring such discussions to a conclusion. Read the rest of this entry »

DP World in $330m Africa plan

(Horntrade) – DP World and the government of Djibouti plan to spend US$330 million (Dh1.21 billion) tripling the size of a port and buying more handling equipment.

The expansion will take Doraleh Container Terminal’s capacity from an estimated 800,000 containers this year to 3 million by 2014, Aboubaker Omar Hadi, the chairman of Djibouti’s Ports and Free Zones Authority, said yesterday. Read the rest of this entry »

Ethio-Djibouti electric power interconnection project inaugurated

(HornTrade) – The 283km long Ethio-Djibouti electric power transmission project inaugurated on Wednesday.

The 230-kV power transmission line would enable Djibouti to import 35-megawatt of electricity from Ethiopia. Ethiopia in return would obtain up to $1.5 million a month from the power export. Read the rest of this entry »

Ethiopia and Djibouti to Sign Electricity Export Agreement this Week

(Horntrade) – A high-level delegation from the government and the Ethiopian Electric Power Corporation (EEPCO) is expected to travel to Djibiouti to sign an agreement on Wednesday, October 5, 2011 that will make electricity export to Djibiouti, operating on a trial basis for the past few months, official and binding.

Ethiopia has been exporting electricity to Djibouti since the end of May, charging 70 dollar cents for a kilowatt hour (KWh). Ethiopia has been exporting 100GWh with the aim to supply uninterrupted 200mw to Djibouti. Read the rest of this entry »