By Abdul Rahman Bangura–
NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- August 05th, 2021 Mekonen told, this is the increased earnings from energy exports the East African nation has received, with earlier fiscal years’ surpassing the prior revenue by almost $70 million. EEP similarly published proposals to peddle an extra 1,000
Megawatts of energy to the East African neighboring nations including South Sudan.
The income outshined the mark outfit for the fiscal year that expired on July 7th, 2021, declared openly state-owned Ethiopian Electric Power (EEP). In this regard, Ethiopia has received $90.5 million the more from exported power to neighboring nations transcending its target of over $80 million, asserted Moges Mekonen – Communication Director of EEP, in a talk with Ethiopian News agency.
Apparently, agendas are in position to boost electric power export to more nations as EEP obtains extra proposals to purchase electric power from Ethiopia. Meanwhile, the state-owned electric producer has also obtained over 13.2 billion birrs from domestic power sales during the 2021.
EEP’s foreign and domestic power sales achievement expressed 101.1%, according to its communication bureau. Building power generators, power generation, putting it to the grid through minimizing wastage and putting it to use, have been enhanced at national level. This has boosted EEP’s dividend as well as its facility to subsidize
projects, he expanded.
The energy sector is one of Ethiopia’s preferences as the nation envisages coming to be a light manufacturing hub in Africa and a middle-income economy by 2025.
For New Africa Business News (NABN) Abdul Rahman Bangura Reports, Africa Correspondent
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