Electric Utilities Bags 3.2b Br in Six Months

February 23 , 2019


Electric Utilities Bags 3.2b Br in Six Months

Ethiopian Electric Utilities (EEU) has generated 3.2 billion Br in revenue in the first half of this fiscal year. From the total revenues, 665 million Br was collected from outstanding bills, while 35.4 million Br was gained from the disposal of old and deteriorated properties. In the reporting period, the EEU managed to register 90,071 new customers from 61 rural towns. Increasing power supply, modernization of the system, upgrading old distribution lines, expanding remote area services and decreasing inappropriate wastage of electric power were major goals of the institution in this fiscal year, according to Shiferaw Telila, CEO of Ethiopian Electric Utilities. Upgrading old electric lines to reduce the frequency of power interruptions in Addis Abeba and upgrading the electric power system in eight major cities has reached 97pc completion and is expected to reach 100pc in this fiscal year, according to the CEO.


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