Electric power exports to Sudan and Djibouti generated 66.4 million dollars in the recently ended fiscal year. Ethiopian Electric Power intended to generate 56.2 million dollars from power exports this past year and was able to achieve 116.5pc of the plan. Out of the total revenue, 37.1 million dollars was generated from power exported to Djibouti, while the remaining was gained from exporting power to Sudan. Compared to the previous fiscal year's revenue, last year's revenue was higher by 11.5 million dollars. Ethiopian Electric Power is also currently working on the installation of power transmission lines and electric converters to start exporting power to Kenya. In addition, Ethiopia is in bilateral negotiations to export power to Somaliland, Tanzania and South Sudan.
Loading your updates...