In an interview with 'The Worldfolio', a global Broadcast Media, Ethiopian Electric Power CEO Eng. Azeb Asnake said that energy diversification is one of the government's priorities.
Speaking to the renowned current affairs outlet, the CEO said that 98 percent of the country's power generation is from water sources which could be easily affected by climatic variations. As a result, she said, there is a need to promote diversification and increase the power generation mix of wind, solar and geothermal.
"We are also working to develop off-grid electric generation from solar, wind and small hydroelectric engaging investors. The private sector will have the ideal environment to invest in the energy sector. The country's favorable investment climate, policies, economic performance and immense potential in producing renewable energy are very attractive."
Asked about the power export potential of Ethiopia, Azeb said that it is dependent on mega electric power generating projects such as the Grand Renaissance Dam, among others, and that the ever-rising local demand cannot be undermined as well. "We should be able to generate the power needed to meet the demand rising from the ambitious housing projects, railway expansion, industrialization, growing population," she added.
Regarding regional integration dynamics of the country's power generation, Eng. Azeb said that currently the country is exporting electric power to Sudan, Djibouti, and border villages in Kenya, while export MoU has been signed with different countries including Tanzania, Burundi, Rwanda and other neighbouring countries.