News & Events

Power Africa Announces Historic Signing of Ethiopia’s First Independent Power Purchase Agreement

Addis Ababa, Ethiopia, July 30, 2015-  During President Barack Obama’s visit to Ethiopia this week, Ethiopian Electric Power (EEP)  and Corbetti Geothermal Plc signed Ethiopia’s first independent power purchase agreement (PPA) for up to 500 megawatts (MW) of clean geothermal power from the Corbetti geothermal source. Investors in the Corbetti geothermal project include Power Africa partner Reykjavik Geothermal, ... Read More»

Remarks by USAID Acting Administrator Lenhardt at the Feed the Future Side Event at the Third International Conference on Financing for Development

Thank you, deputy chairperson Mwencha.  The United States shares the African Union’s strong commitment to agricultural development and global food security, and we are proud to stand with you as partners in this important work. That is because we know what supporting agriculture and nutrition can do for a country and its people. Growth in ... Read More»

European Union and the U.S. Power Africa Initiative Join Forces to Assist Partner Countries to Reduce Energy Poverty & Increase Access to Electric

European Union and the U.S. Power Africa Initiative Join Forces to Assist Partner Countries to Reduce Energy Poverty and Increase Access to Electricity in Sub-Saharan Africa Secretary of Treasury Jacob J. Lew and EU International Cooperation and Development Commissioner Neven Mimica sign MOU to strengthen US-EU coordination Addis Ababa – Addressing the critical need to ... Read More»

Remarks by Secretary Lew at the Plenary Session of the Third International Conference on Financing for Development

ADDIS ABABA – Mr. President of the Third Conference on Financing for Development, Mr. Secretary General,  Mr. President of the General Assembly, Honorable Heads of State and Government, Honorable Ministers, ladies and gentlemen.  I am pleased to be here in Africa to discuss the future of development finance, and I thank our Ethiopian hosts for ... Read More»

Remarks by Treasury Secretary Jacob J. Lew at the Power Africa Memorandum of Understanding Signing Ceremony

Remarks by Treasury Secretary Jacob J. Lew at the Power Africa Memorandum of Understanding Signing Ceremony at the Third International Conference on Financing for Development ADDIS ABABA – I want to thank Andy Herscowitz, the entire Power Africa team, and Commissioner Mimica and the EU team for bringing us together to forge a new partnership ... Read More»