Ethiopia plans to build 71 power projects over the next ten years.

August 30, 2021

Ethiopian Electric Power announced that throughout the next ten years, the nation plans to build 71 power projects costing more than 40 billion dollars. The project cost is planned to be covered by private and public partnerships, the African Development Bank, the World Bank, other development partners and financiers, Ethiopian Electric Power, and the Ethiopian government, according to Ethiopian Electric CEO Andualem Siae. According to Andualem, 16 water, 24 wind, 17 steam, and 14 solar power plants are slated to be completed over the next ten years. According to the directive, Saudi Arabia’s Aqua Power Firm will construct two solar power projects, which are currently being developed by private developers and private and public partners, and the company is prepared to begin construction. In the case of Andualem, talks have begun with Amia, a company based in the United Arab Emirates, to build the Aisha 1 wind farm, and bidding is underway to find developers for other wind power projects. Private developers have begun building on the Tulu Moye and Corbeti steam power projects, according to the CEO.

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