Addis Ababa, 8 April 2015 - Financing Agreements for the Development of Geothermal Energy in Tendhao area were signed on April 7, 2015 between the Ethiopian Government and French Agency for Development and European commission at a ceremony held at the Ministry of Finance and Economic Development. As per the agreements, the total financing amounting to 16.5 million euros has been jointly provided by the French Agency for Development, through a euro 9 million soft loan, and by the European commission, through a euro 7.5 million grant of the EU Trust fund for infrastructure in Africa.
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