Saudi Firm Keen to Invest on Renewable Energy in Ethiopia

ADDIS ABABA – Ethiopia and leaders of Desert Technologies, a Saudi Arabia-based company, have discussed ways to invest in renewable energy in Ethiopia.

The discussion on Wednesday was led by the Managing Director of the Company, Khalid Sharbatly, and Ethiopia’s representatives from the Ministry of Water, Electricity and Energy (MoWEE), Electric Power (EP), and Investment Commission.

The meeting followed the pre-investment field visit that the representatives of Desert Technologies had carried out last year in Addis Ababa.

According to Ethiopia’s Ministry of foreign affairs, the current discussion mainly focused on exploring ways to establish testing sites in Ethiopia and employ various pieces of equipment that generate power from solar energy.

Accordingly, the Ministry of Water, Electricity, and Energy took the assignment to select three project sites while the company would look for financial resources before the signing of an MoU between the relevant bodies, it added.

Desert Technologies is a private company that manufactures and sells various equipment that employs renewable energy in Saudi Arabia with manufacturing sites in various countries.

Featured Image: A solar farm [Photo File]