The Federal Government of Ethiopia is set to issue coal production licenses for eight companies to enable the country end import of coal within one year period. Following the Council’s approval, the Ministry of Mines is expected to issue coal production license for the eight mining companies in the coming few days or weeks. In the case of Ethiopia, the share of coal in energy supply is estimated to be around 0.5 percent. The commencement of the eight coal mining companies is expected to increase the share of coal in energy supply while cutting the country’s hard currency spending on the import of both coal and fernes oil, among others. Ethiopia aims to increase its energy generating capacity by 25 000 megawatts by 2030: 22 000 megawatts of hydro; 1 000 megawatts of geothermal; and 2 000 megawatts of wind by 2030.

Source: Ethiopian News December 30, 2021 11:29 UTC