Electric Utilities Bags 3.2b Br in Six Months

Feb 23 , 2019

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.



A street lamp around Addis Abeba Stadium melds into the concrete backdrop emblematic of the capital's ageing infrastructure. Over the past few years, Ethiopia's electric grid has been subject to destruction and theft, subjecting the public treasury to hundreds of millions in losses. Nearly half of the country's population does not have access to electricity. A series of projects by the World Bank has contributed to the slight but essential upgrade to the nation's grid, including a 500 million do...



A trio of donkeys drag along the main road in front of Menlik School around the Arat Kilo area. While the four-legged domestic animal is a venerated member of the Ethiopian labour force, its skin and meat are increasingly valued in the international markets. Rhong Chang, a donkey slaughterhouse operating in Assela Town, Oromia Regional State reopened its services after a seven-year break two years ago. Public outroar has often accompanied the entrance of donkey abattoirs into Ethiopia since anot...



A bustling market emerges under a bridge in the boroughs of the Bole Michael area. Addis Abeba City Administration has launched a series of aesthetic initiatives embalmed in themes of beautification and urbanisation that have removed thousands of shops built with makeshift tents. Above a quarter of Addis Abeba's labour force is engaged in the informal economy, which while often associated with connotations of illegality, remains a sizeable employer in emerging economies across the world. Calibra...