EEPCo envisions next 25 years

Addis Ababa, Ethiopia - The Ethiopian Electric Power Corporation (EEPCo) is revising the twenty five year power sector master plan with its aim to generate 37,000 mega watts (MW) of electric power in the coming quarter century.

EEPCo, which is the state’s sole electric power provider in the country, first introduced its master plan in 2000 which included a plan to generate power for the next twenty five years; up to 2025. However the corporation modified its estimated target in 2006.

Mihiret Debebe, Chief Executive Officer (CEO) of EEPCo, said that the adjustment of previous master plan, which was applied during the first half of the scheduled period, was necessary as it accommodates the new dynamism and growth of the power sector observed in the country. “We have to revise the previous baseline to undertake projects with the current economic parameter,” EEPCo’s head explained.

“The first draft of the new master plan which takes up a 25 year period until 2037 will be released within six months or in the beginning of the second quarter of the coming budget year,” the CEO told Capital. He said that the corporation’s new master plan is targeted to generate over 37,000MW of electric power by the end of the period.

According to Mihiret, the corporation is preparing the coming strategic plan for the next ten years that will be undertaken after the Growth and Transformation Plan (GTP). “The new plan will hold wide areas in the power sector including the indication of financial sources,” he added.    Read more on Capital Ethiopia.