(New telegraph online/Dayo Ayeyemi, 13 April 2018)
In a bid to improve renewable energy use in Nigeria and 10 other countries within the continent, the African Development Bank (AfDB) has planned to spend $12bn for its development. The other countries include Burkina Faso, Djibouti, Eritrea, Ethiopia, Mali, Mauritania, Niger, Senegal, Sudan and Chad.
The launch of the project is expected to take place in Senegal following its experience in solar energy production like the Tobène Power plant with 105MW and those of Bokhol and Malicounda. The objective of the scheme is to provide power for household use, Small and Medium size Enterprises, pumping water for livestock farming, irrigation and agricultural production zones.
Prime Minister Hailemariam Dessalegn held discussion with Chang Tat Joel, Chairman of Lucky Chain Limited Company today.
Lucky Chain Limited is a huge company established with the vision of having a big market share in energy development in Africa.
Chairman Chang Tat Joel said Ethiopia is among the leading market destinations in the continent for the company.
Sustainable energy firm Gaia has signed an agreement with waste-to-energy company 4R Energy to accelerate biomethane production and use to increase the security of energy supply in Ethiopia. The two companies will work together with environmental company Lem-Ethiopia and Addis Ababa Water and Sewerage Authority to develop a green business concept.
The concepts will leverage a modern biomethane production system and will be applied at the Kaliti and Akaki Wastewater treatment plants. The biomethane produced from the sewerage treatment plants will be used to power industries and households, replacing liquid petroleum gas, kerosene, and even charcoal and woody biomass.