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Energy Minister Unveiled $20m Renewable Energy Project

Oct 15 , 2022


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Ministry of Water & Energy launched a renewable energy project dubbed Distributed Renewable Energy Agriculture Modalities (DREAM) with funds secured from the Global Energy Alliance for People & Planet and the Africa Development Bank (ADB). The project aimed to address solar-generated energy to agriculture, primarily for irrigation across the Amhara, Oromia, Sidama, and Southern Regional states. It is implemented with a 20 million dollar cost. It is part of Ethiopia's national electrification program, which aspires to cover its geography with electricity in 2030. Over 15,000 people will access energy, clean water, and street lights. The project hoped to replace diesel engine pumps with electric-powered alternatives for the irrigation project on 1,500hcts of land. Recently, the federal government has launched a project to build a hybrid mini-grid power plant in all regions, except Harari, Tigray, and Benishangul-Gumuz, at an estimated cost of 217 million dollars to generate 35MW power. The project will have the capacity to deliver power to 240,000 households.


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Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


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MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum,. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the prolifera...


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Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...