Black Rhino, An African infrastructure company owned by funds of US investment giant Blackstone, said on Wednesday that plans to  invest in Ethiopia’s renewable power generation sectors.

Last month Black Rhino won a $1.55 billion pipeline construction contract that will help landlocked Ethiopia transport fuel efficiently through Djibouti’s port.

“We are currently assessing other opportunities in Ethiopia such as hydro and wind. That is something we are very interested in and engaged in,” Shilesh Muralidhara, a Johannesburg-based developer at Black Rhino, told Reuters.

The company, which comprised of developers, construction project managers and development finance experts, leverages on Blackstone’s existing expertise in the energy sector, including its significant experience investing in Africa and in other emerging markets to win lucrative construction deals.

Ethiopia has the potential to generate 45,000 megawatts of hydropower, according to experts.

The East African nation of 96 million people already has a number of infrastructure projected targeting this energy power, including the controversial Grand Renaissance Dam that is expected to generate about 6,000 megawatts of electricity when complete in 2020.

In 2013, Ethiopia signed a $4 billion deal with U.S.-Icelandic firm Reykjavik Geothermal to construct a 1,000 MW geothermal power plan. When complete, the project will be the first utility to be run privately in Ethiopia, according to Reuters.