Ethiopia is the ideal environment for independent power producers (IPPs), says EEPCo CEO Azeb Asnake

Azeb Asnake, CEO, Ethiopian Electric Power (EEPCo)

Ethiopia has more than 45,000 MW of untouched hydro potential, plus huge resources of solar, wind and geothermal energy to tap; along with rising domestic demand for electricity; pro-investment policies; and plans laid out for the country to become a region-wide clean energy exporter.

CEO of Ethiopian Electric Power Azeb Asnake explains why independent power producers (IPPs) are keener than ever to plug into the country’s diverse renewable energy mix.

How do you view the prominence Africa is gaining in the international arena?

Africa’s potential is gaining importance in different sectors. Having said that, I personally would like to highlight the energy potential in Africa. As you are aware of, Ethiopia’s [power producing] potential is matching [that of] countries such as [the] Democratic Republic of Congo, especially in hydropower. At the moment, we have more than 45,000 megawatts of hydro potential that can be developed. Of course, there are other renewable energy sources as well, like solar, wind and geothermal. Ethiopia’s energy policy is to promote green energy, as renewable energy is the major source of our energy generation.

Africa benefits from huge potential in natural resources that have been underexploited due to conflicts and adverse circumstances that hindered us from reaching our full potential. These days there is a common priority among all African countries: human and economic development across all sectors, be it transportation, energy, manufacturing, etc.

Read more: The ideal environment for IPPs

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