Ethiopia- Economy

Ethiopia bags $23m from export of electric power to Djibouti, Sudan

APA-Addis Ababa (Ethiopia)

Ethiopia has secured $23 million from export of 423 million megawatts (MW) of electric power to Djibouti and Sudan in the past three months, a state-run electric producer said.

Spokesperson of Ethiopian Electric Power (EEP) Moges Mokenen told local media on Wednesday that the country exported 263.7 million MW of electricity to Sudan and earned $13.18 million while the 159.6 million MW was sold to Djibouti to generate the remaining $9.76 million.

Last year, the country obtained a total of $90 million revenue in total from electric energy exports to the two countries, according to the Ethiopian Electric Power (EEP).

 

Mokenen said the electric export trade has helped to enhance the nation’s economic relations with neighboring countries in addition to generating foreign currency.

Apart from Sudan and Djibouti, Moges said preparations to export electric power to Kenya have almost been concluded.

The country is also in the process of establishing bilateral relations with Somaliland, Somalia, Tanzania, Eritrea, South Sudan and other African countries to electric power, according to EEP.

Ethiopia is currently generating 4,500MW of electric power and is expected to exponentially increase to 17,000MW in 10 years.


MG/abj/APA

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