ADDIS ABABA (ENA)―Globeleq, developer, owner and operator of electricity generation, has expressed its desire to invest in Ethiopia’s power sector.
Following discussions with Ethiopia’s Foreign Minister Tedros Adhanom, Head of Business Development, East Africa at the Globeleq, Christian Wright, told reporters that the Company is interested to invest in the power generation particularly in renewable energy.
The company is desirous to bring the expertise and resources to Ethiopia to realize this. “We will like to bring our international expertise and resources to invest in building more power plants,” Mr. Wright said,
“We are the largest power producers in Africa for private generation; we want to bring what we done in Kenya and Tanzania to bring that to Ethiopia.” Mr. Wright added.
The country’s potential for a renewable energy and the ever-increasing demand for power created by the fastest economic growth is attracting companies to engage in the country.
During his meeting with the Minister, the Head discussed on ways of encourage Globeleq Company to invest in power sector in the country, it was indicated.
During the discussion, the Minister affirmed that companies are encouraged to engage in the power sector.
The Minister assured that the government will provide the necessary support to Globeleq and other companies interested to engage here in the power sector.
Founded in 2002, Globeleq has around 2,500 mw of power projects in development and plans to add significant mw of power generation during the next 10 years.
- Koysha Dam―Ethiopia’s Next Hydro-power Investment
- Ethiopian Electric Power (EEP) to Privatize Solar Energy Projects
- Embarking on Power Export: Ethiopia Signs Power Supply Deal with Tanzania
- Dam Project and Renewable Potential to Turn Ethiopia into African Powerhouse
- Ethiopian Electric Power (EEP) and Chinese Firm TBEA Ltd. Agreed $98m Power Transmission Deal