Ethiopian Electric Power has reported a historic financial turnaround, posting its first-ever profit after years of continuous losses. A key reason behind this strong performance is the Grand Ethiopian Renaissance Dam, which has significantly increased electricity generation in the country. Higher power generation has also helped Ethiopia expand electricity exports to neighboring countries such as Kenya and Djibouti. Ethiopian Electric Power has been supplying energy to the Ethiopian Electric Utility, major industries, and the national railway network. Looking ahead, Ethiopian Electric Power plans to diversify its energy mix by investing in wind and geothermal power projects.

Source: Ethiopian News March 23, 2026 10:10 UTC