Saturday, 21 October 2017

New Energy Bill Seeks Powerful Regulatory Body-addisfortune

The Council of Ministers is seeing a new energy bill that elevates the Ethiopian Electric Agency (EEA) to an authority with more regulatory power and revenue generation capacity. Though the experts at the Ethiopian Electric Agency (EEA) were eying in establishing an independent organ with the power to determine grid tariff which is currently the power of power utility to date, the upcoming  authority is  given the power to determine off-grid tariff only.
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AfDB pushing for liberalization-thereporterethiopia

AfDB Official says the bank prioritizes five major intervention areas where AfDB has put more focus. During a three-day visit to Ethiopia early this week, the official met up with government officials and CEOs of private companies. He says that the private sector in Ethiopia has benefited the least from the bank’s services.

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Powering Africa’s transformation-thereporterethiopia

Africa has a bright future ahead of it. Productivity and growth will improve as African economies continue to place more emphasis on services and manufacturing, pursue commodity production, and achieve quick gains in agriculture and light industry.

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Five companies bidding to develop 100MW solar energy-thereporterethiopia

Five international energy firms are bidding to construct a 100MW solar energy power plant in Metehara, town, 223km east of Addis Ababa. As part of the government’s ambition to build a climate resilient green economy, the Ethiopian Electric Power (EEP) is geared towards developing renewable energy resources including wind, solar and geothermal. Accordingly, EEP is set to build the first large scale solar power plant in the Oromiya Regional State, Metehara town-a small town in the rift valley known for its scorching sun and sugar cane plantations.

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Global Green Growth Week 2017: Unlocking Africa’s Green Growth Potential

The Global Green Growth Institute (GGGI) will hold Global Green Growth Week 2017: Unlocking Africa’s Green Growth Potential (GGGWeek2017), on October 17-20, 2017, at the United Nations Conference Centre (UNCC), in Addis Ababa, Ethiopia. Hosted in partnership with the Federal Democratic Republic of Ethiopia, GGGWeek2017 will gather GGGI members, stakeholders from the public and private sectors, international organizations, and civil society to strengthen and catalyze green growth in Africa and globally in order to achieve Nationally Determined Contributions to the Paris Agreement and make progress on the U.N. Sustainable Development Goals. GGGWeek2017 will address a number of key topics, including: Mobilizing green/climate finance to bankable projects in developing countries; Sustainably managing resources to address water and food security challenges; and Developing and adopting policies that drive environmentally sustainable and socially inclusive economic growth.

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Saturday, 14 October 2017

Ethiopia to Generate 250MW Solar Energy-Addisfortune

The Ethiopian Electric Power (EEP) has initiated an attempt to generate 250MW of electric power from solar energy. Last week, the EEP floated a bid to hire a contractor to undertake the construction of the project. The project will be financed by the World Bank (WB). The tender will be opened on November 21, 2017.

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