Blackstone's Black Rhino looks at renewable power investments in Ethiopia

Ethiopia has the potential to generate 45,000 megawatts of hydropower

Black Rhino, owned by funds of U.S. investment company Blackstone Group, said on Wednesday it was looking at investments in Ethiopia‘s power generation sector.

A foray into the country’s power industry would be Black Rhino’s second large-scale infrastructure involvement after it signed framework agreements last month to build a fuel pipeline between Djibouti and Ethiopia.

The $1.55 billion pipeline, due for completion in 2018, aims to improve efficiency and safety of importing fuel from the port in Djibouti to the land-locked country.

Read more: Black Rhino looks at renewable power investments in Ethiopia | Reuters

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