Hargeisa, Somaliland – The Minister of Energy and Minerals of the Republic of Somaliland, Mr. Ahmed Jama Barre, attended the launch of the second phase of a study investigating the impact of oil on the country’s electricity prices.
This study, which has been conducted over a period of four months, was a collaborative effort by a technical committee with members from the Ministries of Energy and Minerals, Trade, Investment, Finance and Economic Development, the National Strategic Fuel Reserve, and the Energy Commission.
The primary objective of the study is to find a sustainable solution to reduce the cost of energy and create a reliable electricity system. This initiative is part of the Somaliland government’s ongoing efforts to alleviate the economic burden on its citizens.
During the meeting, the Technical Committee, along with experts and officials from various government institutions, presented their insights and recommendations. The discussions focused on strategies to achieve a stable and efficient energy framework, which is crucial for economic development.
In conclusion, the outcomes of this study are expected to lead to concrete decisions for implementing the key recommendations put forward by the Technical Committee
