I have been delighted to welcome the minister and CEO to the UK this week.The government of Ethiopia has ambitious plans to grow its generation capacity and increase electrification so that the poorest can access energy.The UK is already supporting these initiatives through projects such as Corbetti Geothermal, which has significant development and private finance from the UK, and I hope this visit will encourage more British investment into Ethiopia’s energy sector.
Renewable Energy is at the heart of Ethiopia’s plans to reach middle income status by 2025. Creating millions of new on and off grid connections will ensure better lives for all Ethiopians: improving health and education outcomes and supporting the creation of new businesses and jobs.Productive and sustainable use of Ethiopia’s abundance of clean energy will also allow us to share energy with our neighbours, creating revenue for Ethiopia but also helping bring light and power to millions of people in East Africa. British companies are key partners for us.
Read More>>>It has been very good to see the level of interest from British companies and developers in Ethiopia’s energy sector.There are many challenges to universal access in Ethiopia, but we hope that recent reforms to the market, including new PPP provisions and incentives for innovative renewable energy companies will help us develop a world class grid that is 100% clean, reliable and allows millions more people to access power.