Kenya and Ethiopia sign a new agreement on February 4 to accelerate hydro-processed, low-cost power acquisition from Addis Ababa. The agreement was signed by Ethiopia’s Finance State Minister, Eyob Tekalign, and Kenya’s Cabinet Secretary for Energy, Dr. Monica Juma.
Both ministers emphasized that the advantages of the interconnection project expand past Ethiopia and Kenya by creating a path and example for sister countries across the continent. Dr. Monica stated that the project is a high priority.
The new deal aims to realize both countries’ ambition for economic integration & sustainable development. Ethiopia and Kenya’s latest partnership is a massive project that allows for fast economic growth and paves the way for more deals.
The two countries also talked about other Power Trade Agreements, finalization and operationalization of rules and procedures, and agreements on power system interconnection, considering each side’s progress.