Ethiopia has earned $90.53 million from exports of electric power to neighboring Djibouti and Sudan during the past Ethiopian fiscal year which ended on July 8, 2021.

August 16, 2021

Ethiopia Electric Power (EEP) Communication Director Moges Mekonen stated that this is the most revenue from electricity exports the nation has ever received, with previous fiscal years’ revenue topping previous years’ revenue by nearly $70 million. EEP also stated that it intends to export an additional 1,000 megawatts of energy to South Sudan. The entity revealed that income exceeded the objective established for the fiscal year that concluded on July 7, 2021. (EEP). In an interview with Ethiopian News Agency, Mogos Mekonnen, communication director of EEP, revealed that Ethiopia has received more than 90.5 million US dollars from exported power to neighboring nations, exceeding its target of over 80 million US dollars. As EEP receives increasing requests to purchase Ethiopian electricity, plans are in place to enhance electric power export to more nations. Meanwhile, domestic power sales brought in over 13.2 billion birr for the state-owned electric company this year. According to EEP’s communication office, the company’s foreign and domestic power sales performance was 101.1 percent. Building power generators, generating power, connecting it to the grid while limiting wastage, and putting it to use have all improved at the national level, according to Mogos. According to him, this has enhanced EEP’s earnings as well as its ability to fund initiatives. Ethiopia is focusing on the energy sector as part of its plan to become a light manufacturing hub in Africa and a middle-income economy by 2025.

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