The Ethiopian Electric Power Corporation secured external financing for the Aysha Wind Farm. The project received money 
from a Chinese financial firm and a European Investment Bank.
The Aysha Wind Farm is part of the national wind power project to develop national green power. The construction of the windmill is expected to be launched this financial year by the Ethiopian Metal Engineering Corporation.
The farm intended to produce 300MW when completed has been a focus of interest for several international investors.
The EEPCo anticipated the international interest for the highly feasible wind farm project in seeking for the best financial offer with a favorable interest rate noted to a high official with the Corporation.The Corporation has reached an understanding with undisclosed details with EIB and the Chinese firm he said.
Aysha has the potential to connect the regional grid to Djibouti and is able to attract international financiers because it is realistic and feasible explained Miheret Debebe, Chief Executive Officer of the Corporation.
The wind farm is also able to attract external finance because of its close proximity to the transmission line connecting Djibouti he added.
The export of energy is a viable form of investment as collateral for external financiers noted Miheret.
Source: Capital
