$1.3 Billion Loan Secured by Aysha Wind Farm

Ethiopia has secured a 1.3 billion dollar loan from different banks and financial institutions for the Aysha Wind Farm, which is located approximately seven km south of Aysha, 47 km from the Ethio-Djibouti border and 170 km from Dire Dawa town.

The project implementers that are based in Germany, Britain and the US had a meeting with President Mulatu Teshome on Wednesday April 30, 2015, that announced the loan agreement.

Mulatu said the project is beneficial as a clean-power generating scheme and he is dedicated to the success of the project.

Mr. Robin Murray, the delegation leader, has said the project will be finalized in 18 months time, when the wind farm will begin generating 300Mw of electric power.


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