Turkish company to build $1.5 bln solar energy project

Addis Ababa, March 24, 2017 (FBC) – The Turkish Reyrich Plastic Company announced that it will build a solar energy project with an outlay of 1.5 billion US dollars in Ethiopia.

Chairman of the Board of the company, Nehad Alayyoub, made the announcement after a Turkish delegation, including him, met with President Mulatu Teshome today.

The chairman told journalists that the project is very promising and will be a great project for the country.

The project will generate 600 MW power, Alayyoub said.

According to him, the project would create opportunity and benefit for the Ethiopian people.

The chairman said President Mulatu has encouraged his company to start the project as soon as possible.

Moreover, the president urged the delegation during the meeting to focus on investment in geothermal, solar energy and fertilizer.

The president has also encouraged the investors to invest in the energy sector, which is strategic in the government plan.

Source: ENA