News and Updates News and Updates

Back

Ethiopia signs Grant Agreement with Denmark

Ethiopia signs Grant Agreement with Denmark

A Grant Agreement amounting to 28 million DKK (approximately 89 million birr), was signed, today, December 8, 2016, between the Federal Democratic Republic of Ethiopia and the Royal Danish Government at a ceremony held at the Ministry of Finance and Economic Cooperation (MoFEC).

According to the agreement the grant is used to support the effort of diversifying power generation from other renewable sources to increase climate resilience.

As it is stated in the development engagement document the overall objective of the Project is to strengthen the Government of Ethiopians effort to increase wind power generation, and improve quality of service in the distribution of electricity.

The assistance also used to bring about improved GoEs institutional framework, and market readiness, including the approval of a creditable Independent Power Producers (IPP) wind auction roadmap, improved system integration of wind power and reduced grid loss, and improved quality of services at distribution level in view of the attainment of the power sector Growth and Transformation Plan Goals.

H.E. Ato Admasu Nebebe, State Minister of Ministry of Finance and Economic Cooperation and H.E. Amb. Mette Thygesen, Ambassador of the Royal Danish Embassy in Addis Ababa, signed the agreement on behalf of the Federal Democratic Republic of Ethiopian and the Royal Danish Governments respectively.