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ADDIS ABABA – Recognizing the vast untapped potential of clean energy sources like hydro, geothermal, wind, and solar, Ethiopia’s energy policy strategically leverages these resources to attract private sector investment, President Taye Atsekeselassie stated.
Speaking at the Africa Energy Summit in Tanzania, the president emphasized that Ethiopia is creating a more conducive environment for private sector engagement in the energy sector. This includes a robust policy framework and significant institutional reforms to ensure efficient and effective implementation of energy infrastructure projects.
The president underscored the importance of balancing accessibility and affordability in Ethiopia’s energy policy. He highlighted the government’s partnerships with development organizations such as the World Bank, the African Development Bank, and leading financial institutions, drawing parallels to the successful collaboration in achieving climate-resilient agriculture.
Ethiopia has made significant strides in expanding its power generation and transmission infrastructure. With current installed capacity exceeding 6,000 megawatts, the country aims to reach 13,000 megawatts by 2028, requiring the electrification of an average of 3.4 million households annually.
To achieve universal electricity access by 2028, the government has set an ambitious national program. This endeavor necessitates substantial investment, requiring an annual investment of 1.8 billion USD, amounting to nearly10 billion USD over a four- to five-year period.
Furthermore, addressing the significant challenge of high transmission and distribution losses due to aging infrastructure requires significant investment.
BY YESUF ENDRIS
THE ETHIOPIAN HERALD THURSDAY 30 JANUARY 2025