Cluff Geothermal join with Richard Benyon MP to build UK-Ethiopian trade links

28th June 2016

Over the course of three days, Mr Benyon and the delegates were honoured to meet Deputy Prime Minister Debretsion Gebremichael, along with Ministers and their staff from the Ministries of Water, Irrigation & Electricity, Mining, Finance & Economic Cooperation and Foreign Affairs, as well as the Ethiopia Electric Power Corporation.

As a company with 5 years’ of experience of the Ethiopian market, Cluff Geothermal were delighted to participate in the Mission and share our advice with other delegates.

Peter Dixon-Clarke, Cluff’s CFO, said: “Ethiopia is a country with huge potential and ambition, as evidenced by its rapidly growing economy. UK Government trade missions such as this one are invaluable in helping UK investors and the Ethiopian Government better understand each other’s’ needs such that the UK can continue to contribute to the further growth of the Ethiopian economy.”

Notes for Editors:

1. Cluff Geothermal holds an exploration license for the high quality geothermal resource at Fantale in Ethiopia’s Awash region. It has completed a successful MT survey and is conducting analysis to better understand the potential resource and identify optimum drilling locations.

2. The Ethiopian Government plans to develop an additional renewable energy capacity of 12,000 MW by 2020.

3. Ethiopia was the fastest growing economy in the world in 2015.