The Government has developed a National Energy Compact with the goal of achieving universal electricity access by 2030. The strategy, led by the Ministry of Water & Energy (MoWE), outlines Ethiopia's commitment to reaching 100pc energy access for its population within the next five years. According to State Minister for Energy Development Sector Sultan Woli, the compact was prepared in collaboration with key development partners, including the World Bank Group and the African Development Bank (AfDB), as part of the broader regional initiative known as Mission 300. Mission 300 is a program launched by the World Bank Group and the AfDB in April 2024. It aims to connect 300 million people across Sub-Saharan Africa to electricity by 2030. The initiative responds to a critical energy access gap on the continent, where nearly 600 million people currently live without electricity, representing about 83pc of the global unelectrified population. MoWE recently organized a consultative meeting to review and discuss the draft of the Energy Compact. The discussion included a technical team consisting of representatives from the Ministry of Finance, Ethiopian Electric Power, Ethiopian Electric Utility, and the Oil & Energy Authority. During the session, Gosaye Mengiste, energy sector advisor at MoWE, presented the draft compact. He explained that the strategy is built around five strategic focus areas, such as universal access to electricity and clean cooking solutions, expansion of clean energy infrastructure and transition to renewable energy, regional power connectivity, financial sustainability and operational efficiency, and private sector participation and institutional strengthening.
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