Ethio-Kenya Power Transmission Go Live


Ethio-Kenya Power Transmission Go Live

Ethiopia began selling electricity to Kenya last week, hoping to generate over 100 million dollars yearly, beefing up its foreign currency reserves. The 500Kv power substation was built for over half a billion dollars after securing finance from the African Development Bank (AfDB). The test work of power transmission on the lines was completed a week ago. China Electric Power Equipment & Technology (CEPET) completed the construction, while the German-owned Simens built the converter station and the ground electrode line. The extended transmission lines, as well as protection and data communication lines, travel for 440Km in Ethiopia over 994 towers. Managed by Asheber Balecha, EEP foresees transmitting up to 2,000Mw electric power to countries beyond Kenya, such as Tanzania and South Africa. The transmission line passes to Kenya through Wolayta, Gamo, and Konso zones in the Southern Regional State and the Borena zone in Oromia Regional State. The Ethiopian Electric Power (EEP) announced a few weeks ago that the project would begin after officials pledged to ensure security recurring thefts on power-carrying metal towers and optical ground fibre. Wolayta and Gamo zones were identified as the hotspots of the robbery, with nearly 10tns of iron bars stolen. Darmalo in the Konso zone, Adeyu Liyu, Chencha, and Derashe weredas have seen their share of rampant thefts on towers.Ethiopia sells electricity to Sudan and Djibouti, generating 95.4 million dollars last year. EEP signed a memorandum of understanding (MoU) with Somaliland, Tanzania and South Sudan. Ethiopia hopes to export electricity at 0.65 US cents for a kilowatt hour for the next five years, with a plan to renegotiate the tariff.

[ssba-buttons]

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...