The newly elected government must focus on transforming Somaliland’s electricity sector..
#Araweelo News Network
The electricity sector in Somaliland currently boasts a total generation capacity of 165 MW. The price of electricity is set at 0.73 USD per kilowatt-hour (kWh). This high cost reduces energy consumption among households and light industries, as many residents and businesses struggle to afford such rates. To cope with these challenges, many light industries have resorted to operating their diesel generators.
However, the high operational costs associated with these generators often lead to limited usage, further hindering productivity and growth.
Experts believe that if Somaliland could access more affordable electricity, the overall energy demand could surge to over 450 MW. This surge would signify a tremendous potential for increased consumption and economic expansion.
Currently, the primary source of electricity generation in Somaliland is light diesel oil, which constitutes the overwhelming majority of the energy mix.
This heavy reliance on fossil fuels poses significant risks, particularly in light of global climate change initiatives and the volatility of oil prices.
Alarmingly, renewable energy sources, particularly solar energy, account for less than 5% of the total power generated in the region.
This stark contrast underscores the pressing need for substantial investment programs aimed at developing,,,,
The newly elected government must focus on transforming Somaliland’s electricity sector.