State Grid Corporation of China wants to invest $1.8 billion in Ethiopia’s electricity transmission and distribution network, according to a report by New Business Ethiopia. This financing will be organized by the China Export and Credit Insurance Corporation (Sinosure).
Ethiopia is targeting 60 GW of renewable energy as part of its 15-year growth and development plan. The country currently has an installed capacity of 4.5 GW for a population of over 100 million and its electricity demand is increasing by 30% each year.
The national electrification rate is currently 30% and in the electrified regions only 60% of the population has access to energy. To improve this situation, the government plans to build 9,000 km of distribution lines and 19,600 km of power transmission lines.