Ethiopia's ambitions to become a major electricity exporter in Africa are gaining momentum. The Ethiopian Electric Power (EEP) announced plans to expand its reach, with Tanzania becoming the next recipient and South Africa targeted within the next five years.
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The Ashegoda Wind Power Plant in Tigray is back in operation after a three-year hiatus caused by the war in the north. Commissioned in 2014, the wind farm plays a key role in supplying clean energy to the region.
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Ethiopia's Ministry of Finance has partnered with AMEA POWER to build Horn of Africa's largest onshore wind power project, the Aysha Wind Power Project. With an investment of USD 600 million, this 300 MW wind farm is set to be a key player in the country's renewable energy sector.
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Ethiopia has formulated a national mining policy aimed at sustainably utilizing its mineral resources. The policy prioritizes creating a transparent regulatory environment, attracting domestic and foreign investments, promoting sustainable mining practices, and fostering local community engagement.
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During the first quarter of the current fiscal year, the Ministry of Mines reported foreign exchange earnings of USD 63.6 million from gold production.
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