Saudi Arabia Intent to Invest in Solar-Powered Portable Devices in Ethiopia

Addis Ababa, April 1, 2021 (Walta) – The leaders of Desert Technologies, a Saudi Arabia-based company, and pertinent bodies in Ethiopia have discussed ways to invest in renewable energy in Ethiopia.

The discussion was led by the Managing Director of the Company, Khalid Sharbatly, and Ethiopia’s representatives from the Ministry of Water, Electricity, and Energy, Electric Power, Investment Commission, and the Consulate Office in Jeddah.

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

The 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.