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Memorandum with GE

Addis Ababa Institute of Technology /AAiT signed a Collaboration Agreement with General Electric International Inc. (“GE”), with respect to the development of technical knowledge skills and resource development needed to support a green economy through the creation of a renewable energy center of excellence in Ethiopia.

General Electric International, Inc.is a global leader in the Design, Manufacture, Supply, installation and maintenance of technology and services for the power sector including Hydro and wind Energy. The company was incorporated in 1961 and is based in Shelton, Connecticut. General Electric International, Inc. operates as a subsidiary of General Electric Capital Corporation.

The Agreement follows the Memorandum of Understanding (“MOU”) announced on the 15th May 2017 and sets out in detail the terms and conditions of said collaboration into a binding agreement.

The vital agreement of the collaboration between GE and AAIT is to develop a Renewables - Center of Excellence at AAIT to serve as a practical learning hub for undergraduate students in Ethiopia University system, a research incubator for graduate students and a reinforcing learning mechanism for schools. AAIT and GE will work together to build an ecosystem of enablers from development agencies, Renewables industry players and partners.

The Agreement provides for GE to participate for the delivery of the projects of the high-priority Growth and Transformation Plan projects in Ethiopia.

Professor Admasu, Addis Ababa University President said “We are extremely pleased that working together with Industry is a key surface of exchange for AAIT and essential to addressing the need of students to be exposed to practical and thoughtful learning experiences while also ensuring the teachers are given access to the latest in the field of knowledge”.

Mr. Yves Rannou, President and CEO, GE’s Hydro Solutions also said “The MoU with AAiT is a new milestone for GE Renewable Energy in Ethiopia. It enables sharing current industry expertise and experience with students and schools at AAiT in order to build a highly-qualified workforce that will support the social and economic development of the country”.

Prior to the MOU signing AAiT and GE have initiated works on training Human resource capacity building and framework for mobilization of laboratory and training equipment.

The agreement is believed to pay on instrumental role for the human capital development and technology transfer in terms renewable energy.