Ethiopia’s economic success has attracted widespread attention. Its GDP grew by 10.5 percent annually between 2006 and 2016, outpacing East Africa’s 5.4 percent growth rate over the same time period. As extreme poverty declined by nearly 40 percent in the country between 2000 and 2011, Ethiopia is quickly emerging as a model of how rapid development can swiftly improve the quality of life for millions. This economic boom has also raised living standards by stimulating rapid, dramatic changes in Ethiopia’s power generation sector. In particular, Ethiopia’s ruling coalition — the Ethiopian People’s Revolutionary Democratic Front — has focused on exploiting the country’s immense renewable energy resources, especially its hydro and wind potential. Its electric grid, with the highest installed capacity in Sub-Saharan Africa at 4.5 GW, is one of few in the world almost entirely based on renewable resources. With its pledge to cut emissions by 64 percent by 2030 following the Paris Climate Summit, Ethiopia has bucked the stereotype of rapidly developing countries opting for cheaper fossil fuels to satisfy growing demand.
(The Ethiopian Herald, 14 Feb 2018)
Ethiopia has set a target to achieve universal access to electricity by 2025. Achieving universal access to electricity for a developing country is not only about providing electricity services to under-served population, but also about appropriately matching the peoples' and the country's general development needs. Ethiopia has launched its own version of universal access to electricity program – the National Electrification Program (NEP).
(World Bank, Dec 2017)
Plant Design, Supply, Installation On Site, Test and Commissioning Of Mv & Lv Over Head Distribution Lines Rehabilitation, Upgrading and associated Transformer Installation Work bid released under World Bank Credit Financing.
Electricity Tariff- is the rate at which electrical energy is supplied to a consumer. Electricity tariff (sometimes referred to as electricity pricing or the price of electricity) varies widely from country to country, and may vary significantly from locality to locality within a particular country. There are many reasons that account for these differences in price. The price of power generation depends largely on the type and market price of the fuel used, government subsidies, government and industry regulation, and even local weather patterns.
In standard regulated monopoly markets, like the case in Ethiopia, electricity rates typically vary for residential, commercial, and industrial customers. Prices for any single class of electricity customer can also vary by time of day or by the capacity or nature of the supply circuit etc. If a specific market allows real time dynamic pricing, a more recent option in limited markets to date typically following the introduction of electronic metering, prices can even vary between times of low and high electricity network demand.