[ad_1]
Addis Ababa: United Arab Emirates Renewable Energy company Masdar and Ethiopia signed a joint development agreement solar The Ethiopian Prime Minister said on Wednesday that the project has an installed capacity of 500 megawatts.
The move has the potential to allow Ethiopia to significantly expand its energy capacity and diversify its energy mix, a key part of Prime Minister Abiy Ahmed’s industrialization drive.
According to state-run data, Ethiopia currently has a total installed capacity of about 4,898 megawatts, 91 percent of which comes from hydropower. ethiopian electricity.
“Glad to see that the Ethiopian government and Masdar have signed a Joint Development Agreement (JDA) to develop two solar PV plants,” Abiy said in a tweet, adding that the combined power generation of the two plants Will reach 500 megawatts.
Abiy did not elaborate on the factory’s location or cost.
Abiy’s spokesman Billene Seyoum and state-run Ethiopian Investment Holding CEO Mamo Mihretu did not immediately respond to Reuters requests for more information.
Masdar did not immediately respond to a Reuters message seeking comment.
Ethiopia is eager to expand its energy capacity and last year started generating electricity from its massive Ethiopian Renaissance Dam (GERD), a multibillion-dollar hydropower plant on the Nile that faces opposition from neighboring Sudan and Egypt.
When operating at full capacity, the dam will generate more than 6,000 megawatts.
In his tweet, Abiy said the global net-zero emissions target is an opportunity for Ethiopia “to harness our renewable resources and ensure access to abundant, clean and affordable energy”.
Masdar has been advancing renewable energy in Africa and elsewhere. This week, the company also signed a deal with Zambia’s state-owned power utility, Zesco, to develop a $2 billion solar project.
[ad_2]
Source link