Market News | POWER & ENERGY Ethiopia 2017

Market News

  • 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. . .

  • East Africa Taking Considerable Steps to Boost Energy Access - World Bank Report

    Posted on :Saturday , 4th March 2017

    East African countries are emerging among leaders on the continent when it comes to putting in place policies on access to energy, energy efficiency and investment in renewable sources.

     
    According to a new World Bank report, Kenya, Tanzania and Uganda -- unlike many countries in sub-Saharan Africa -- are taking progressive measures which include: A dedicated budget f. . .

  • Ethiopia: GERD Power Generation Capacity Increased to 6450 MW

    Posted on :Wednesday , 1st March 2017

    The Grand Ethiopian Renaissance Dam (GERD) power generation capacity has been upgraded to 6,450 MW.

     
    The Dam was first designed to generate 5,250 MW. However, due to the upgrading made on the power plant, its generation capacity uplifted to 6,000 MW from 5,250 MW.
     
    But six years later, the design has been made to add another 450 MW due t. . .

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