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Ethiopia’s Energy Sector Opens Up For International Investment

As part of recent reforms efforts, Ethiopia’s energy sector is opening up for international investment.

Recently, Ethiopia’s Ministry of Finance inaugurated a new directorate for Public-Private Partnerships to oversee the development of six mega solar projects worth $800 million, as well as the 17 hydropower sites expected to be developed by IPPs.

According to officials organizing the Africa Energy Forum scheduled for 27 -29 March this year, there is huge potential to discover opportunities in Africa’s most exciting investment destination by participating in two East Africa-focused meetings this March: The Regional Energy Cooperation Summit: East and the Africa Energy Forum: Off the Grid.

“From 27-29 March meet the Energy Ministry, utility and regulatory authority alongside the DFIs providing technical planning and implementation support for Ethiopia’s electrification strategy.

“ Topics like Financing Renewable Energy IPPs in Ethiopia – What’s the Future?, Ethiopia’s Renewable Energy IPP Projects – Solar PV and CSP and Opportunities for Private Sector Involvement in Regional -Energy Market will be discussed.

There will be discussions about the Sustainable Role for Mini and Off-Grid Solutions in African Energy Ecosystem’ that will underlie the theme of the annual investors’ meeting Africa Energy Forum: Off the Grid (AEF: OTG).

The summit will also focus on the role of private sector in empowering rural dwellers by delivering energy access beyond the grid.

The 3rd AEF: Off the Grid will as well address the evolution of off-grid sector in Africa, particularly the role of women entrepreneurs in the space, financing of mini and off-grid projects, enhancing community engagement as well as technology innovation.

This is an opportunity to explore and present investment opportunities aligned with recent trends in the off-grid market, and offers a unique networking and business opportunity between decision-makers from the value chain and the private sector.

Renewable energy sector is booming in East Africa, with bids for mega projects being announced in Ethiopia, and across the region. There is a need of a wide energy masterplan looking at maximising resources and private sector engagement.

Another topic to be discussed, will touch on how Ethiopia is embarking on a major solar programme expansion with new energy strategy seeking to deploy 300 MW of solar by 2020.

The government has announced issuing an international bid for six mega solar projects worth $800 million to achieve this, with an estimated capacity of around 750 megawatts (MW).

Source: https://www.busiweek.com/ethiopias-energy-sector-opens-up-for-international-investment/

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