Electric Grid Codes Near Completion

Dec 19 , 2021


[ssba-buttons]

The Ethiopian Energy Authority has finalised the drafts for codes that govern and set standards for electric transmission and distribution grids. There has never been a formal code to governs all players in the energy sector while Ethiopian Electric Power and Ethiopian Electric Utility have been using their own codes. The codes are in place to attain a similar standard of operation, prevent system interruptions and meet sub-continental power interconnection standards when private operators are to enter the market. Among dozens of standards that operators have to meet is the amount of planned or unplanned system outages they can incur. The code also sets operational standards for renewable power generation specifically for wind turbine generating plants and solar power generating plants. In the transmission code, it is stated a transmission system operator will be established to oversee electric transmission operations. Ethiopia produces 4,000mw of electricity, through hydropower, wind and biomass sources, with 20pc of the power wasted due to faulty distribution. The code has been sent to the Ministry of Justice and awaits Amharic translation to move on to the approval process.


Radar

Korenti, Agelegel Microfinance Ink EV Financing Deal

Korenti Auto Trading PLC has signed a strategic agreement with Agelegel Microfinance to provide accessible financing options for electric vehicle (EV) buyers. The partnership seeks to ease EV ownership by offering fair pricing and loan packages with affordable rates. The initiative supports Ethiopia's push for clean transport and aligns with national sustainability goals. Korenti's managing director said the move reflects the company's commitment to expanding electric mobility. Customers can now...


Radar

NBE Leads Week-Long Bank Supervision Application Forum

The National Bank of Ethiopia (NBE) is hosting a week-long Bank Supervision Application (BSA) User Group meeting that began on July 7, 2025. The BSA system, developed by a pan-African consortium of central banks including the NBE, automates supervisory work for financial regulators. NBE will take over the rotating BSA chairmanship in September. Opening the session, Frezer Ayalew, Director of Bank Supervision, stressed the need for modern tools to handle growing regulatory demands amid cyberse...


Radar

Six Fuel Companies Banned, Seven Warned, Authority Noted Illicit Activity

The Ethiopian Petroleum & Energy Authority has taken disciplinary action against 13 fuel distribution companies for illegally trading 2.8 million litres of fuel outside the digital system in the past two months. Six firms face a one-month suspension from the fuel import and trading market, while seven others received final warnings and must rectify their operations within a month. Director General Destawe Mekwanant (PhD) said the companies failed to monitor fuel stations and ensure proper...