$40 Billion to be subsidized by the Ethiopian Administration in Seventy One Clean Energy Projects in a scheduled to implement a 10 Year to generate and explore Green Electricity
By Abdul Rahman Bangura–
NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The proposal is enterprising for this East African nation, which has an established capacity of 4.96 megawatts according to Power Africa. Nevertheless, this capacity is anticipated to crease with the commissioning of the Grand Ethiopian Renaissance Dam
(GERD), which will have a capacity of 6.450 megawatts.
The Ethiopian administration will proceed to expand its hydroelectric infrastructure as part of its recent recommendation. The nation scheduled to assemble a 16 hydropower dams in the imminent years.
However, Wind Power will be an important part of the Ethiopian administration’s agenda. Twenty four Wind Power projects will be carried out in the prospective years. Ethiopia is just starting to improve its wind energy capacity, with the 1st project being carried out about 150 km south of the capital Addis Ababa, near the town of Iteya in Oromia Regional State. The Assela wind farm, built by Siemens Gamesa Renewable Energy, will have a capacity of 100 megawatts.
Ethiopia similarly schedules to broaden its installed solar energy capacity, with at least fourteen projects over the next ten years. Ethiopia been in the Horn of Africa is waning in solar energy production. Ethiopia is yet to generating solar energy on a large scale, although the 1st projects will be improved under the Scaling Solar programme of the
International Finance Corporation, the private sector financing arm of the World Bank Group.
For New Africa Business News (NABN) Abdul Rahman Bangura Reports, Africa Correspondent