Ethiopia, Kenya agree to further expedite power purchase agreements
Ethiopia and Kenya agreed to further expedite Power Purchase Agreements (PPAs) to realize the aspirations of their respective people for regional economic integration and sustainable development.
A delegation led by Eyob Tekalign (PhD), State Minister of Finance of Ethiopia, that was in Nairobi on a working visit from 02-04 February 2022, among others, deliberated on previously signed PPA, finalization and operationalization guidelines and procedures, wheeling as well as interconnection agreements in light of progresses made on each side so far.
During the meeting with Ambassador Dr. Monica Juma, Cabinet Secretary Energy of the Republic of Kenya on 04 February 2022 in Nairobi Dr. Eyob conveyed his appreciation to the delegation from Ethiopia and reiterated the close relationship between Kenya and Ethiopia as one intended to spur economic growth.
Indicating the fact that the parties are nearing conclusion of the interconnector, the state minister reiterated the need to review the status of the project. He said it was necessary to ensure that Ethiopia and Kenya do everything humanly possible to fulfill the dreams and aspirations of both countries: to see the entire region connected.
In her remarks during the meeting the Cabinet Secretary noted that Ethiopia is a country whose relationship with Kenya is historic and strategic. In our history, she added, we have always seen the world from the same side and remain stronger than just neighbors. Ambassador Dr. Monica underscored the fact that this project is a top priority that we must all give traction, as the value of the interconnection of our power systems is a key to powering our aspiration for fast growth.
This aspiration is given new and urgent impetus by the need to ensure swift recovery from the ravages of the Covid-19 pandemic, she said.
During the deliberations, both State Minister and the Cabinet Secretary reiterated the fact that the interconnection project is a mega project whose benefits go beyond just Ethiopia and Kenya by creating a pathway and model for our sister nations across the continent.