To fulfil the ambition of creating electricity access for the 70 % the population (around 70 million people) currently without access, Ethiopia has set the objective of rapidly expanding its power generation capacity to become a regional power hub, capitalising on its huge potential for renewable energy and its relatively low power generation costs.
Huge investments are needed to realise the ambitious targets. To help finance these investments the Government has opened up the sector for private power developers and Independent Power Producers (IPP’s).
The objective of this new HCL assignment is to support the Government of Ethiopia in improving the enabling environment for private and public investment in the off-grid sector, and by developing a package of bankable projects for electricity access in the off-grid sector. HCL is called upon to contribute to implementation activities under the “National Electrification Program” related to the development of an off-grid operational programme strategy and design for stand-alone systems and mini-grids through public, private and PPP delivery systems, and support the development of a limited package of bankable electricity access projects for the off-grid sector.