Ethiopian Energy^Power Business Portal,eepBp

Greenlight Planet, the global market leader in the rapidly expanding pay-as-you-go (PAYG) solar industry has powered more than two and a half million lives in Ethiopia through access to clean, affordable, and reliable energy.   Working with a strong network of established Ethiopian distribution companies such as Lydetco P.L.C., Universal Electronics amongst others, Sun King products are now in 500,000 Ethiopian households and have offset more than 600,000 metric tons of greenhouse gas, enabling savings of more than 1.7 billion Ethiopian Birr ($53 million) for customers in Ethiopia.

Throughout the last decade, the Government of Ethiopia has led one of the most successful electrification programs in sub-Saharan Africa, expanding the electric grid to nearly 60 percent of the country, now covering 6,000 towns and villages, compared with only 667 ten years ago.   However, the rural household electrification rate remains at just 29% percent. Understanding that affordable and reliable access to electricity is essential to reducing poverty,   the Government of Ethiopia has committed to achieving universal energy access by 2025.   Through this plan, sixty-five percent of the population will gain energy access through the national grid, and the other thirty-five percent will access energy through off-grid technologies, including stand-alone solar systems and mini-grids.

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Ethiopia is one of Africa’s rising stars, growing at 9.9% per year between 2008 and 2018. However, 70% of its inhabitants currently live without electricity. In this webinar, you will learn more about Ethiopia’s plans to deploy minigrids as part of its plan to achieve universal electricity access by 2025 and also its ambitious strategy to enhance gender equality in the energy sector.

  • Learn about a USD$400 million investment (currently underway), dedicated exclusively to enhance mini grid and off-grid access in Ethiopia
  • Find out more about the social and economic benefits of minigrids while ensuring access to affordable, reliable, sustainable and modern energy for all to achieve SDG7
  • Hear how to consider gender gaps to enhance e.g. female farmer and business owners benefits from electrification and also how to enhance opportunities around skills development and employment during construction, operation and maintenance for men and women
  • Get access to real case-studies of mini-grid development

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Lighting Africa, a joint International Finance Corporation and World Bank initiative, concluded the national programme after electrifying the households of 12 million people with solar technology. The four-year project was launched with the aim of promoting access to off-grid lighting and energy services for those not connected to the grid by mobilising the private sector to build sustainable markets for affordable, high quality and modern off-grid solar products.

The programme also trained over 300 solar technicians, solar distributors and retailers. Moreover, the programme reached over 20 million people with consumer education campaigns. The goal of the project was to develop a commercial market for high-quality solar lanterns and kits that enable access to safer off-grid lighting for 11.8 million people by December 2019 by working in partnership with companies in the off-grid lighting sector.

Source: addisfortune

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 Summary

  • Signs a 20-year PPA agreement for 250 MWac PV projects
  • The first of a kind in the Ethiopian utilities landscape
  • The PV projects are estimated to power 750,000 homes in Ethiopia and offset 320,000 tonnes of carbon dioxide per year

ACWA Power, a leading international developer and operator of power generation and water desalination projects, signed two long-term power purchase agreements (PPA) with Ethiopia’s state-owned electricity producer Ethiopian Electric Power (EEP) for two 125 MWac solar photovoltaic (PV) projects at USD 2.526 cents/kWh over 20 years. Implementation Agreements were also signed with the Government of Ethiopia, represented by the Ministry of Finance. The signing ceremony was attended by H.E. Abiy Ahmed Ali, Prime Minister of Ethiopia, H.E. Sami bin Jameel Abdullah, Saudi Ambassador to Ethiopia, H.E. Ato Ahmed Shide, Ethiopia’s Minister of Finance, Dr. Abraham Belay, Chief Executive Officer of EEP, Tilahun Haile, Director of Ethiopia’s Public-Private Partnerships Directorate General (PPP-DG) of the Ministry of Finance, and Paddy Padmanathan, President and Chief Executive Officer of ACWA Power.

ACWA Power won the bid for the two PV plants of 125 MWac each during the first round of Ethiopia’s solar programme organised by the PPP-DG under the new PPP law, and signed a Letter of Intent with the Ministry of Finance and EEP in October 2019.

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