Ethiopian Electric Utility Amasses 11b Br

Aug 29 , 2020


Ethiopian Electric Utilities (EEU), a government agency in charge of power distribution, has generated 11.1 billion Br in revenues during the past fiscal year from energy bills. The agency was able to achieve 80pc of the target for the year. Out of total revenues, 60pc will be paid to Ethiopian Electric Power, which is in charge of power generation. It also generated 3.9 billion Br from electric power installation and maintenance, a sharp fall from its target of 11.3 billion Br. Property disposal brought in 19.3 million Br. During the year, the EEU has restructured itself into 28 districts, 554 services and 5,835 satellite centres. The institution also revamped its management structure by decentralising and upgrading its regional directors to executives through its Enterprise Resource Planning Project (ERP). The ERP has also connected its systems with the Commercial Bank of Ethiopia to set up an e-payment system for its customers. The system covered 325 new rural towns and was registered to 168,571 customers. For the current fiscal year, EEU intends to generate 16.5 billion Br from energy billing, eight billion Birr from other sources and 1.1 billion Br from service fees. Property disposal is also expected to generate 140 million Br.


Radar

WET MIRAGES

A booming plastic container market around the Saris area bustles with shoppers inspecting the selections. Water supply shortages have plagued the capital as an expanding population size's demand is unmet by the drops moving through the pipes. The Addis Abeba Water & Sewage Authority relies heavily on underground wells and surface water from the Legedadi, Dire and Gefersa dams. With the Authority digging 28 wells to meet the demand shortage, several parts receive water through the taps three...


Radar

LEANING LOSSES

A telephone pole gently rests aside DebreZeit road, tucked into the city's ageing infrastructure. Ethiopia's infrastructure has been under rising assault by robbers who mimic maintenance workers appointed by the state. The ones pared from theft are constantly a victim of subdued synergy between government bureaus. The International Journal of Scientific & Technology Research published a study in 2020 indicating that lack of coordination between agencies was a significant factor in delays, co...


Radar

FESTIVE MEDLEYS

Traditional holiday hymns are sung by a group of men dressed in cultural outfits with decorations made from a horse's mane around the Bole area. The early weeks of September bring with them a panoply of festivities. A soft holiday spirit glistens the streets of Addis Abeba, while roaring hordes of shoppers grappling with inflation rates near 30pc do not grace marketplaces like they used to. The tight clampdown on access to foreign currency by the Ministry of Finance which banned the import of 3...


Back
WhatsApp
Telegram
Email