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Ethiopia earns over $78.5m from power export

Ethiopia earns over $78.5m from power export

Ethiopia generated more than 15 thousand gigawatt hours of energy in the nine months and exported part of it to its three neighbor countries namely Djibouti, Sudan, and Kenya with which it established power connections over a year ago.

The EEP said the revenue has fallen short of the target due to security reasons.

“Although the maintenance works were done with the view to making the power transmission and distribution works safe, the plan could not be achieved due to security problems in various areas.

EEP said more than 14.8 billion birr ($245.6 million) was also earned from the sale of power supplied to local customers.

Djibouti and Sudan have been buying electricity from Ethiopia for more than five years. Kenya started importing electricity from its northern neighbor last year.

According to EEP’s statement, Ethiopian Electric Power is now set to start supplying electricity to Tanzania soon.

According to EEP, the completion of the Grand Ethiopian Renaissance Dam (GERD) will greatly boost the power source of the east African nation to fulfill the rapidly growing domestic demand and the demand from neighboring countries for electricity supply.

13 turbines of the GERD are expected to produce about 16,000 GWh of electricity by the end of this year.

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