The project is expected to create about 2,000 construction jobs that would inject additional revenue to the Ethiopian economy.

The Ethiopian government intends to build an installed capacity of about 20,000 MW in the country, by 2020, as part of its integrated energy policy.

GTDC CEO Yonnas Kefle said the company spent months analysing the potential for a large-scale solar project in Ethiopia.

"As with all our projects, we intend to maximize the amount of local resources in the performance of this project," Kefle added.

Energy Ventures founder and CEO Lynn Hogg said, "We are excited to be the Project Developer leading this important project for Ethiopia. The powers that this project will deliver have a dramatic effect on millions of Ethiopians’ quality of life."