British energy organizations to visit Ethiopia next week
Addis Ababa, July 12, 2019 (FBC) – About 17 British energy organizations will be visiting Ethiopia next week as part of the Energy Catalyst Mission.
The organizations will meet Ethiopian counterparts in the energy sector to understand the opportunities for UK-Ethiopia collaboration, said the UK Embassy in Ethiopia.
The key objectives of the mission are to help companies applying for Energy Catalyst Round 7 to get an understanding of the energy access issues in Ethiopia and gain links to potential partners.
Power demand in Ethiopia increases 30% annually. To meet demand the government is encouraging foreign direct investment (FDI) and private companies to develop the energy sector.
Ethiopia currently generates 4,200 MW power and has a target to increase generation capacity, with an overall potential of 37,000 MW by 2037.
It is one of the few countries in Sub-Saharan Africa which generates all its electricity from renewable resources.
Given its large clean energy reserves, Ethiopia can become a cornerstone of the regional power market and the Eastern Africa Power Pool.