Ethiopia needs $6.5bn to achieve universal access to electricity by 2025: MoWIE

On Feb 12, 2020 535

Addis Ababa, February 12, 2020 (FBC) –The Ministry of Water, Irrigation and Energy (MoWIE) said Ethiopia needs $6.5 billion to bring power to all its people by 2025.

This was revealed at consultation the Ministry had today with representatives of the World Bank Group, the European Union (EU) and other development partners.

State Minister of Water, Irrigation and Energy, Dr Firehiwot Woldehanna, said the government is working to achieve universal access to electricity by 2025.

The country requires a financing estimated at $6.5 billion to bring power to all its citizens by 2025 from renewable resources, he told the participants.

More than 7 towns/cities had so far access to electricity from renewable resources, he said, adding the private sector should play the leading role to boost the country’s power generation capacity.