Ethiopia multifunctional energy storage power supply direct sales

Why is energy important in Ethiopia?

Energy is one of the most significant sectors for Ethiopia’s economic growth and development and is expected to increase significantly in the medium run. Ethiopia has abundant renewable energy resources and has the potential to generate over 60,000 megawatts (MW) of electric power from hydroelectric, wind, solar, and geothermal sources.

How much energy does Ethiopia have?

Ethiopia has abundant renewable energy resources and has the potential to generate over 60,000 megawatts (MW) of electric power from hydroelectric, wind, solar, and geothermal sources. Additionally, in 2022 the GOE certified the presence of seven trillion cubic feet of natural gas reserves in the Ogaden Basin.

Does Ethiopia export electricity to Djibouti?

Under the Global Procurement Initiative, the U.S. Trade and Development Agency (USTDA) has provided a grant to develop a procurement manual for EEP that incorporates full life cycle cost analysis. Despite its energy deficit, Ethiopia exports electricity to Djibouti, Sudan, and Kenya to generate foreign exchange.

Does Ethiopia export power to Kenya?

Ethiopia, through EEP, has a PPA to export up to 400 MW of power to Kenya. In May 2022, Ethiopia signed an MoU with South Sudan to export 100 MW of power over the next three years. Power Africa is a market-driven, U.S. Government-led public-private partnership that aims to double access to electricity in sub-Saharan Africa.