Project plan

Ethiopia unveils 10-year energy project plan

Projects some 71 power plants in the coming years

BY ESSEYE MENGISTE

ADDIS ABABA – Ethiopian Electric Power said the country plans to build 71 power projects requiring more than $40 billion over the next 10 years.

Ethiopian Electric CEO Andualem Siae said the cost of the project is expected to be covered by private and public partnerships, the African Development Bank, the World Bank, other development and financial partners, Ethiopian Electric Power and the Ethiopian government.

Among the projects slated for construction over the next 10 years are 16 hydro, 24 wind, 17 steam and 14 solar, the CEO said.

Based on the directive, two solar power projects will be built by Saudi-based Aqua Power Company, which is under development by private developers and private and public partners and the company is preparing to start construction.

As for Andualem, negotiations have also started with the Emirati company Amia to build the Aisha 1 wind farm project, and tenders are underway to properly screen the promoters of other wind projects.

According to the CEO, the construction of the Tulu Moye and Corbeti steam power projects have also been initiated by private developers.