Suggestions have been made to implement a lasting solution by identifying potential threats that may pose risks to the construction and operation of the power infrastructure.
The Public Enterprise Holding Administration (PEHA) of the Federal Democratic Republic of Ethiopia (FDRE) has conducted a performance assessment of the company over a nine-month period.
Mr. Andualem Sia, the Executive officer of Corporate Planning, delivered the nine-month performance report of the company.
He outlined the institution’s achievements in project administration, operations, reform activities, finance and human power management, as well as capacity building.
According to the report, the overall physical performance of power infrastructure projects under construction exceeds 70 percent, while the financial performance surpasses 66 percent.
As per the Executive officer, the average performance of projects has exceeded 85 percent, with the exception of projects whose construction has been hampered by security issues.
Mr. Andualem stated that the company has accomplished 94 percent of the plan by generating over 15 thousand GW hours of energy in the operational sector, reflecting a 14 percent growth compared to the same period last year.
He mentioned that the company had planned to collect 13.8 billion birr from domestic power sales but achieved more than 14.8 billion birr. However, the income from energy exports was less than the planned target.
He stated that the performances observed in human power management deployment and capacity building, reform activities, and resource management are promising.
On her part, Mrs. Hagarie Wuhib, Executive Director of the Energy Sector at PEHA, emphasized the importance of strengthening the growth of energy production, enhancing supply improvements, modernizing the company, preparing financial statements, and carrying out projects using internal capacity.
Ms. Hagarie emphasized the necessity to enhance the company’s financial position by collecting outstanding payments from foreign power sales, approving and implementing tariff studies, and improving the performance of loan repayments.
She also highlighted the importance for EEP to collaborate with relevant stakeholders in finding permanent solutions to security threats, tower theft, compensation payments, legal enforcement, tariff issues, and foreign exchange threats.
In his concluding remarks of the review, Engineer Ashebir Balcha, the Chief Executive Officer of Ethiopian Electric Power, affirmed his commitment to enhancing the financial capacity of the institution.
He pledged to achieve this goal by implementing cost-cutting procedures and exploring opportunities to expand income generation options.
The CEO stated that the institution is collaborating closely with the Ethiopian Electric Utility to ensure customer satisfaction by enhancing the reliability and accessibility of power supply.
The CEO confirmed that by identifying risk areas affecting the sector, the institution will implement options aimed at bringing lasting solutions.
He emphasized that a direction has been established to address issues related to security and infrastructure theft through consultations with the relevant regional governments.
