Does Eritrea have a energy sector?

The Government of Eritrea gave priority status to the energy sector immediately after the country's independence in May 1991, as manifested by the rapid improvement in electricity and oil supplies. Electricity generation capacity has increased from a total of 30 MW in 1991 to over 130 MW at present.

Why should Eritrea invest in a solar plant?

This initiative aims to address the energy needs of Eritrea while promoting sustainability and reducing carbon emissions. The solar plant is anticipated to contribute to the nation’s energy independence and support its commitment to renewable energy development.

What resources does Eritrea have?

Eritrea has an extensive amount of resources such as copper, gold, granite, marble, and potash. The Eritrean economy has undergone extreme changes due to the War of Independence. In 2011, Eritrea's GDP grew by 8.7 percent, making it one of the fastest-growing economies in the world.

How has the Eritrean economy changed since the war of Independence?

The Eritrean economy has undergone extreme changes due to the War of Independence. In 2011, Eritrea's GDP grew by 8.7 percent, making it one of the fastest-growing economies in the world. The Economist Intelligence Unit (EIU) expects it to maintain a high growth rate of 8.5 percent in 2013.

How much remittance does Eritrea receive from abroad?

However, worker remittances from abroad are estimated to account for 32 percent of gross domestic product. Eritrea has an extensive amount of resources such as copper, gold, granite, marble, and potash. The Eritrean economy has undergone extreme changes due to the War of Independence.

Is Eritrea a country?

Eritrea, officially the State of Eritrea, is a country in the Horn of Africa. The economy of Eritrea has experienced considerable growth in recent years, indicated by an improvement in Gross domestic product (GDP) in October 2012 of 7.5 percent over 2011.