Market News | POWER & ENERGY Ethiopia 2017

Market News

  • Kenya, Ethiopia Among Top Countries in Wind Energy Investment

    Posted on :Saturday , 29th April 2017

    Kenya is among the countries poised to lead in wind energy investment in Africa this year according to a new report.

     
    Global Wind Energy Council (GWEC), the international trade association for the wind power industry, says Kenya is setting the pace in the region in the use of wind as a renewable source of energy by initiating the generation of 700 megawatts for the n. . .

  • AFDB discloses a $12bn power plan for Africa

    Posted on :Saturday , 22nd April 2017

    The African Development Bank (AFDB) has unveiled plan to invest $12 billion over the next five years under its new electrification programme.

    The fund will support its New Deal on energy for Africa which aims to achieve universal access to Africa by 2025.
    The plan was born out of the Energy Week conference held in Abidjan, Ivory Coast in March which brought stakeholders to. . .

  • Africa: Govts Urged to Invest More in Energy, Bridge Power Deficit

    Posted on :Thursday , 23rd March 2017

    African states and stakeholders have been urged to invest more in the power sector and close the continent's energy deficit.

     
    Africa Progress Panel chairman and former UN Secretary-General Kofi Annan and the African Development Bank (AfDB) chief, Akinwumi Adesina, made the call during the launch of the "Lights, Power, Action: Electrifying Africa," report ov. . .

  • Ethiopia: Russian Firms Craving to Invest in Ethiopia's Energy Sector - Ambassador

    Posted on :Wednesday , 22nd March 2017

    Russian Ambassador to Ethiopia Vsevolod Tkachenko said Russian companies crave to invest in Ethiopia is increasing while eyeing the energy sector as a priority.

     
    In an exclusive interview with The Ethiopian Herald, Ambassador Tkachenko stated that Ethiopia's rapid economic ascension lured Russian-based companies to do businesses here.
     
    T. . .

  • Ethiopia: Adding up Ethiopia's Energy Resources

    Posted on :Thursday , 9th March 2017

    In such a carbon constrained world of today, the development of renewable energy sources like that of electric power is remarkably compelling. Recent studies indicate that 600 million people in sub-Saharan Africa, which accounts for the 70 per cent of the population lack access to electricity. Half of all businesses in this part of the continent say that the lack of reliable electricity is a ma. . .

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