African Energy Now, alongside the Ministry of Water and Energy of Ethiopia and the Ministry of Energy of Tanzania, with their respective public service companies, is organizing the event with the aim of identifying concrete possibilities in current and future projects in the sector.
According to Moritz Weigel, Executive Director of African Energy Now, AENCon23 will allow participants to gain the latest knowledge on renewable energy in Ethiopia and engage with decision-makers over the two days of the event.
According to official sources, Ethiopia, which has a population of 120 million inhabitants and strong economic growth, has a rising demand for electricity, that is why the Government will invest 40 billion dollars over the next ten years to expand its hydroelectric power generation capacity, as well as the use of renewable sources such as solar, wind and geothermal.
Moreover, comprehensive reforms are implemented to attract investment to that sector, including the restructuring of public service companies, the introduction of a new public-private partnership framework and paving the way to become a regional energy provider, as part of the East Africa Energy Group.
African Energy Now is designed to connect African governments with investors and undertake renewable energy projects across the continent.