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The Ethiopian Electric Power (EEP) and the Turkish Electro Technology Exporters’ Association (TET) convene in Istanbul ten days ago discussing the possibilities of Turkish investment in Ethiopia’s growing energy sector.
A delegation of EEP signed a memorandum of understanding with the Turkish association setting the ground for Turkish companies to invest in hydropower, solar, wind and geothermal energy development.
Similarly, a 27 companies team representing TET had a business to business discussion with their Ethiopian counterparts on May 6 at Sheraton Addis Hotel.
Azeb Asnake (Engineer), CEO of EEP said at the event that the government is currently commissioning many power generation projects but “it is not enough what the government alone invested on it because we can’t reach everywhere. And we need Turkish companies to invest intensively in the energy sector like they have done in manufacturing.”
“We have untapped wealth in our rivers. We understood from our visit to Turkey that there are potential investors especially in hydroelectric power and we need them to come here and to generate electricity and to sell it for the government,” Azeb said.
“The Electro Technology equipments that Turkey has have great importance and we need it in our rural and urban markets to benefit the people’’ she further added.
Fatih Kemal, Board Chairman of TET said that the size of the population and the resource of Ethiopia is conducive for energy development business.
“Ethiopia is growing and the demand for electric power also grows. Some of the TET members are looking forward to generating energy here and to sell different electrical equipments which are affordable to Ethiopians and we hope to bring good result working with the government,” Kemal said.
He added that the government can invite in more investors when the infrastructure is improved.
Turkish Electro Technology Exporters’ Association (TET) is a professional establishment which deals with the export activities of its members. The main function of TET which has 6,500 member exporter firms is to improve the export volume of the electrical and electronics industries.