In a country of approximately 100 million people, roughly 44% of Ethiopians have access to electricity. Ethiopia’s National Electrification Program 2.0 aims to fill this electricity access gap: by ensuring 100% access by 2025.
To reach this ambitious target, the government is engaging in an array of innovative partnerships with development organizations and the private sector, helping make sure that no one is left behind in the push for universal access to electricity.
Ethiopia’s Ministry of Water, Irrigation and Energy (MoWIE) to host a Water and Energy Week from June 17 – 20, 2019 in Addis Ababa Ethiopia.
The week’s theme – Transformation of Water and Energy for Ethiopia’s New Horizon of Hope - will explore in greater depth Ethiopia’s water and energy development by looking at the past to learn from it, probing the present to evaluate the shortcomings and gaps to correct and fill, and outlining the path forward to help the country achieve its Sustainable Development Goals.
The World Bank’s Board of Executive Directors approved $200 million Renewable Energy Guarantees Program (REGREP) to mobilize International Development Association (IDA) guarantees under a Multi-phased Programmatic Approach (MPA). The program will support the Government of Ethiopia’s ongoing power sector reforms and leverage private sector financing for renewable energy generation.
Ethiopia has vast and largely unharnessed clean energy resources. Today, Ethiopia is one of the few countries in the world which generates almost all the electricity from renewable resources, mostly hydropower, which also makes it vulnerable to climate change. The country also has vast and mainly untapped solar, wind, and geothermal energy resources. This program supports diversification from hydropower and towards modern renewables – in solar and wind power. REGREP will support the development of over 1,000 MW of greenfield solar and wind energy Independent Power Producer (IPP) projects in Ethiopia, including the World Bank Group Scaling Solar initiative.
The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank on 17 May 2019 approved a $995,000 grant to support the roll out of a sustainable procurement framework for Independent Power Producers (IPPs) in Ethiopia.
The SEFA grant will encourage private investments into hydropower projects through Ethiopia’s Renewable Energy Programme.
It will strengthen the government’s capacity to undertake bankability and technical analysis including feasibility assessments of projects in the hydro priority pipeline. The grant also provides for environmental and social impact assessments, resettlements action plans, and preparation of bidding documents for hydro projects.