APA-Addis Ababa (Ethiopia) Ethiopia has earned over $83 million from electric power export to its three neighboring countries in the past ten months, the Ethiopian Electric Power (EEP) has disclosed.
The state-owned power producer supplied a total of 12,126 Gigawatt hours of electric power to Djibouti, Kenya, and Sudan.
It has achieved 85 percent of the target set for the 10-month period, EEP’s spokesperson Moges Mekonnen told journalists onFriday.
Ethiopia officially began supplying electricity to Kenya last November, contributing to the nation’s growing power export.
The amount has shown a 26 percent increase as compared to the same period last year, the spokesperson noted.
Last year, the electricity export total earnings contributed about 2 percent of Ethiopia’s total export trade revenue in 2021/22FY during which the nation obtained $95.5 million.
The authorities are set to raise the revenue from power export to 400 million U.S. dollars in the coming ten years with a plan to economically integrate the East African region through electricity until 2030.
The Grand Ethiopian Renaissance Dam (GERD) which is built over River Abay (Nile) is expected to play a key role in realising the set target.
The dam, when completed, will not only help to meet the rapidly growing domestic need but also increase its power export to Ethiopia’s neighbours.
MG/as/APA