Ethiopian Electric Power (EEP) has earned more than $13 million from exporting electricity to neighbouring Sudan and Djibouti within t two months.
The head of the sales and customer management office under the marketing and business development department of EEP, Menilik Getahun disclosed this to the Press during an interview.
He said, “The amount generated was out of the planned US$18.55 million by supplying more than 349.56 million kilowatt hours of electricity to Sudan and Djibouti in the two months of the current Ethiopian fiscal year.
“The state-owned utility has instead supplied 232.76 million kilowatt hours of electricity, cashing in 13.04 million US dollars, which amounts to 70.29% of the target.
“However, compared to the plan, the sale was US$5.5 million or 29.71 per cent less than the plan, whereas the electricity exported was 116.8 million kilowatt hours, a decline of 33.42% from the plan.
“In the two months of the current fiscal year, 112.36 million kilowatt hours of electricity was exported to Sudan for an amount of US$5.61 million, whereas 120.39 million kilowatt hours of electricity was exported to Djibouti worth US$7.42 million. The data shows that 12.29% more was exported to Djibouti than was the initial plan, whereas only 46.36% of the plan was sold to Sudan”.
Although the exports to the two countries were generally below the plan, the export revenue generated from Djibouti shows a 15.38% increase.
In addition to the income obtained from the electricity export to the two neighbouring countries, EEP has previously reported that more than 2.74 billion was obtained from domestic energy sales and fibre optic rental.