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During the fiscal year, more than $ 90 million was generated from electricity sold to neighboring countries
Addis Ababa: August 15, 2014, Ethiopian Electric Power announced that it has collected more than 90 million USD from the sale of electricity to neighboring countries in the just ended 2013 Ethiopian budget year.
It is planned to generate 80.7 million USD by supplying 1.4 billion kilowatt hours of electricity to Sudan and Djibouti during the current budget year, the department said.
This is an increase of $ 9.7 million or 12 percent over the plan.
The country earned 1.1 billion kilowatt hours of electricity to Sudan and earned $ 55.48 million from Djibouti.
Compared to the same period in 2012/13, the institute’s revenue collected from foreign energy sales increased by 24.1 million USD or 36.2 percent.
It was planned to generate 69.6 million USD by supplying 695 million kilowatt hours of electricity to Kenya in the 2013 Ethiopian budget year, but the construction of the Ethio-Kenya transmission line through Kenya has not been completed.
Annual revenue from the sale of electricity has been growing annually, from 54.9 million USD in 2011/12 to 66.4 million USD in 2012/13 and 90.5 million USD in 2011/12. Indicates.
According to Ethiopian Electric Power, the dams’ lack of water and power outages have been attributed to the success of the fiscal year plan and the increase in revenue collection during the year.