Ethiopia signs $4 billion geothermal deal

http://au.finance.yahoo.com/news/ethiopia-signs-4-billion-geothermal-081026261.html

Ethiopia signed a $4 billion deal Wednesday with American-Icelandic company Reykjavik Geothermal to develop a 1000-megawatt geothermal farm which when completed will provide energy consumption and export will be the largest source of foreign direct investment in Ethiopia. Reykjavik chief executive officer Gudmundur Thoroddsson is quoted saying, "This is an epic moment for all of us... bringing Ethiopia to the forefront of geothermal development." This type of energy is very reliable because it does not rely on the weather and is a very successful renewable energy plant. Ethiopia has seen a mushroom effect of foreign investments from countries such as China, Turkey, and India investing in a range of industries, including manufacturing, agriculture and construction. This will allow for an economic growth period in Ethiopia in which their goal is to be a carbon-neutral, middle income country by 2025.