With plans for Ethiopia to become an exporter of power solidifying due to the funding confirmed for the US$1.26 billion Ethiopia-Kenya high-voltage transmission line, due for completion in 2015, the country is focusing on ensuring it has the generation mix to deliver.
Among the projects that will contribute to Ethiopia’s national grid is the recently inaugurated US$289 million Ashegoda wind farm which has a capacity of 120 MW. There is also the ground-breaking partnership with US-Icelandic firm Reykjavik Geothermal that has been established to build Ethiopia’s first private power project; at 1,000 MW, the largest geothermal facility in Africa. The private sector investment in the project could total US$4 billion.
The 6,000 MW Grand Renaissance dam, potentially the largest hydroelectric power plant in Africa, which is to be wholly funded by the Ethiopian government at a cost of US$4.8 billion and scheduled for completion in 2017, forms part of this mix.
According to Ethiopia’s prime minister Hailemariam Desalegn, Ethiopia’s economy is set to maintain a growth rate of 11% in 2013/14 with prominent plans to upgrade infrastructure as a priority focus in its annual budget.