Iceland News

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

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

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.

Ethiopia's government agreed to purchase power in an accord signed on Monday during President Barack Obama’s visit to the Horn of Africa nation. Photographer Saul Loeb/AFP via Getty Images

Africa's fastest growing economy Ethiopia agrees on first deal for privately produced electricity

Ethiopia’s government signed a deal to buy electricity from a geothermal-power plant being developed by companies including Reykjavik Geothermal Ltd. of Iceland, a partner in the project said.