Economy Country January 22, 2025

Phoenix Group Acquires Energy Agreement in Ethiopia

Phoenix Group announced its acquisition of an energy purchase agreement of 80 megawatts in Ethiopia, reflecting the expansion of its global strategy.


Phoenix Group Acquires Energy Agreement in Ethiopia

The company "Phoenix Group" has concluded an agreement for the purchase of energy with a capacity of 80 megawatts in Ethiopia. This is an important step in the company's strategy for international expansion. This agreement provides the company with the opportunity to strengthen its position in the Ethiopian energy market and significantly increase its production capacities. Moreover, it will help reduce dependence on other energy sources and ensure stability in energy supply. "We are confident that this agreement opens up greater development prospects before us and allows us to diversify our portfolio of energy assets," noted the representative of "Phoenix Group." In addition, Ethiopian companies are also considering opportunities for developing their own energy projects in other countries, which will help them strengthen their presence in the global energy market and increase competitiveness.