Ethiopia and Denmark inked on Thursday (December, 08) a 28 million Danish Krone (about 4 million U.S. dollars) grant agreement that aims to assist Ethiopia’s effort in diversifying renewable energy generation. The agreement will help Ethiopia tap the potential of wind power generation as well as improve quality service in electricity distribution system.
Admasu Nebebe, Ethiopia’s State Minister of Finance and Economic Cooperation, speaking at the signing ceremony, noted the political will and practical steps taken to unleash Ethiopia’s untapped potential in the sphere of renewable energy, adding that the country has set a target to reach 17,000 MW production capacity by the end of the second five-year Growth and Transformation Plan (GTP II) through the diversification of renewable energy generation sources, including hydropower, wind, solar and biogas.
Mette Thygesen, Ambassador of Denmark to Ethiopia, noted that “Maintaining high economic growth requires power, and meeting the electricity needs of a growing population requires electricity.”
