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Ethiopia Unveils Ten-Year Power Project Plan

Ethiopian Electric Power has disclosed plans to build 71 power projects over the next 10 years. This will cost at least U.S.$40 billion and will consist of 16 hydropower, 24 wind, 17 steam, and 14 solar power projects.

Andualem Siae, CEO of Ethiopian Electric Power has said that the project cost is expected to be covered by private and public partnerships, the African Development Bank, the World Bank, other development partners and financiers, Ethiopian Electric Power, and the Ethiopian government.

In July 2021, the African Development Bank (AfDB) approved two grants worth U.S.$83.6 million which enable Djibouti and Ethiopia to proceed with the construction of a second power transmission line which will eventually boost their energy trade, after enjoying the returns from the first project that linked their power grids.

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