Wednesday, 26 February 2014

New Energy Strategy To Enhance Energy Exports

ETHIOPIA: After the introduction of Power Africa initiative, discussions amongst eminent Ethiopian and foreign experts are taking place to formulate a new power strategy with an earnest endeavor to enhance electricity production as an element of Ethiopia’s plans to emerge as a regional energy exporter. Also, the discussion examined the various ways in regard to the successful execution of Addis Ababa’s 25-year power master plan.
As per Ethiopian Electric and Power Corporation (EEPCo), the new power policy will empower Ethiopia to produce 37,000mw of energy by 2037 and the new policy in due course will be able to export over 4,000mw of hydro-power to nearly nine countries in the East Africa region which could be further extended to northern and southern African nations.
The 25-year energy strategy expected to cost Ethiopia US$100 billon will be sourced from both local and international funds. Over the next 10 years, the plan aspires to build around 16,000 km of high voltage transmission lines. The present power production of 2,300mw and exports of 60mw electricity to Djibouti and 100mw to Sudan awards the country with a considerable economic growth. As stated by EEPCo, Ethiopia possesses the potential to produce nearly 45,000mw of electricity from hydropower itself.


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