Stakeholders Asked To Support Ethiopia’s Quest For Sea Access
High – level meeting on addressing unique climate vulnerabilities of Landlocked Developing Countries held in Dubai on the sidelines of COP 28.
During his participation in the meeting attended by the UN Secretary General Antonio Guterres and representatives of eight countries, the Finance Minister, Ahmed Shide, reaffirmed Ethiopia’s stand on its quest for sea outlet.
Ethiopia has been working hard to mitigate climate change, Ahmed said, citing the Ethio-Djibouti electric railway as one of the major steps taken by the government to use clean energy for the transportation industry.
He also shared Ethiopia’s success stories in the Green Legacy Initiative in terms of accelerating the nation’s climate mitigation efforts. The Finance Minister said Ethiopia has given prior attention to the renewable energy sector.
Landlocked developing countries face high transport and logistics costs, and are highly exposed to effects of climate change, Ahmed noted, calling all stakeholders to support Ethiopia’s quest to get access to the sea.
Ethiopia inks to build Horn Of Africa’s onshore wind project
Ethiopia’s Ministry of Finance and AMEA POWER Partner build the Horn of Africa’s largest 300 MW onshore wind power project, which represents a significant milestone in the country’s renewable energy sector.
The Finance of Ethiopia announced the signing of a landmark agreement with AMEA POWER for the construction of the Aysha Wind Power Project.
The Aysha wind energy project is poised to become the largest wind energy project in the Horn of Africa after investing 600 million USD.
An expansive 18,000-hectar wind farm located in Ethiopia’s Horn of Africa region, the Aysha Wind Power Project represents a significant milestone in the country’s renewable energy sector.
AMEA POWER’s extensive experience in developing large-scale renewable energy projects makes it a great partner for this venture.
The Ministry of Finance said in a joint press release that the agreement demonstrates the Ethiopian government’s unwavering commitment to renewable energy and dedication to attracting private investment in the energy sector.
Ethiopian Electric Power (EEP) and the Ministry of Finance are working together to harness the region’s abundant wind resources and generate clean, sustainable electricity to meet Ethiopia’s growing demand for electricity.
The Aysha Wind Power Project is projected to produce approximately 1.22 Tera-Wh of electricity annually, significantly contributing to Ethiopia’s power generation capacity.
Furthermore, approximately 2,000 jobs are expected to be created during the construction and operations phases, benefiting the local economy.
Ethiopia’s Minister of Finance, Ahmed Shide said, “The Aysha wind power project will be implemented with strong government-to-government support by AMEA Power, prominent private sector player.”
ENA quoted Abebe Gebrehiwot of the PPP Directorate as saying: “This project represents a major stride in our journey towards increasing clean energy, production, providing sustainable electricity to our people, and driving economic growth and job creation in the region.”
The signing of this agreement with AMEA POWER marks a significant milestone, the ministry said.
It demonstrates the Ministry of Finance’s determination to attract private investments in the energy sector and increase the share of renewable e energy in Ethiopia’s power mix.