Ethiopia collects $114 million from selling electricity – New Business Ethiopia - News Summed Up

Ethiopia collects $114 million from selling electricity – New Business Ethiopia


Ethiopia Electric Utility (EEU) collects 3.2 billion birr (about $114 million) bill from its customers during the first six months of Ethiopian calendar started July 8, 2018. In addition to domestic market, Ethiopia is currently selling electricity to Sudan and Djibouti. The country is also planing to start selling power to Kenya and other countries in East Africa as well as the Gulf Countries. As a result, EEU is mandated to deal only with the service provision, while Ethiopia Electric Power (EEP) is established to focus on power generation. Reports show that from hydroelectric to solar, from geothermal to wind and nuclear energy, Ethiopia has the potential for generating tens of thousands of renewable energy.


Source: News Business Ethiopia February 23, 2019 07:07 UTC



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