Ethiopia earns over $49mln from electric power sales to Djibouti, Sudan

Addis Ababa, May 18, 2017 (FBC) –Ethiopia earned more than 3.8 billion birr from electric power sold during the past 10 months.

The plan was to generate 4.7 billion birr, said Bizeneh Tolcha, public relations head at the Ministry of Water, Irrigations and Electricity (MoWIE).

More than 49.4 million US dollars of the total revenue was made from power exported to Sudan and Djibout, he said.

In addition to meeting local demands, Ethiopia has a plan to sell electric power to neighboring countries once the power projects being built are completed.

Ethiopia and Tanzania had already signed power purchase deal which allows the latter to buy 400MW from the east African nation.

Kenya also showed interest to buy 200MW and works on the construction of power transmission line project has been launched by the Chinese firm China Electric Power Equipment and Technology (CET).

Expected to cost over 1.2 billion US dollars, the transmission line is financed by the African Development Bank (AfDB). It runs about 1,045km, of which 445km is within Ethiopia’s territory and the rest in Kenya.

Sudan and Djibouti have also showed interest to buy addition power from Ethiopia.

Ethiopia is investing billions of dollars to construct a number of power plants including what would be Africa’s largest dam, the Grand Ethiopia Renaissance Dam (GERD).

GERD is currently over 58 percent complete and will have power generation capacity of 6,450 MW once it is completed.

The construction of the dam will transform the country’s vision to become a leading power exporter in the East African region hub for the renewable energy in Africa.

Ethiopia's hydropower, geothermal, wind and solar energy potentials are estimated up to 60,000 MM.

Translated and posted by Amare Asrat