HomeEvent NewsEthiopia gears up for a new power trip: Geothermal Energy

Ethiopia gears up for a new power trip: Geothermal Energy

Ethiopia is achieving a GDP rate growth of some 10% per annum.  In order to continue to drive economic growth Ethiopia needs to develop a strong industrial base.  Part of this strategy is to continue to build capacity for local electrification programmes and to position Ethiopia as a mass exporter of power to the rest of East Africa.
Blessed with an abundance of both hydro and geothermal resources, Ethiopia is well placed to meet this objective.  With an anticipated capacity of 5000MW of geothermal power, and 45 000MW on hydropower makes it the second largest hydropower capacity in Africa after the DRC, the Ministry of Water and Energy is aggressively pursuing the development of new power projects.
The Development Bank of Ethiopia has committed $20 million to geothermal drilling with an additional $20 million due to become available at a later date. In addition some $13 billion will be spent on developing hydro generation capacity in Ethiopia over the next decade.  This investment does not cover the additional expenditure on transmission and distribution infrastructure, which is also being planned – both for local electrification needs, and for export purposes.
Attend the Executive insider Briefing to discover business opportunities for your company

The Executive Insider Briefing an exclusive opportunity to meet with some of the key decision makers in Ethiopia and determine how you can tap into the billions of dollars being spent on Ethiopia’s power developments.
These niche, intimate meetings are designed for no more than 15 people in order to encourage one on one discussions, and an opportunity to ask questions and focus on the following:

  • Regulatory plans and updates by the Ethiopian Electricity Agency
  • Long term plans from the Ministry of Water and Energy
  • Insight into the running of the Ethiopian Electric Power Corporation procurement process
  • Meetings with embassy representatives from your home country
  • Short course on doing business in Ethiopia

If you want to be part of this exclusive opportunity, contact Augustine Tavaya on (+27) 21 700 3575 or augustine.tavaya@spintelligent.com to discuss your participation.  Places are limited to 15 people only and will be allocated on a first come, first served basis.

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