In the concluded fiscal year, more than $ 90 million was generated from electricity export

Published by Corporate Commnucation on

More than 90 million USD has been collected from the sale of electricity to neighboring countries in the just ended 2013 Ethiopian fiscal year, according to Marketing and Business Development department.

The department said, it is planned to collect 80.7 million USD from the supply of 1.4 billion kilowatt hours of electricity to Sudan and Djibouti and generate 90.5 million US dollars by providing more than 1.6 billion kilowatt hours of electricity.

This is an increase of $ 9.7 million or 12 percent over the plan.

EEP earned $ 55.48 million from the sale of 1.1 billion kilowatt hours of electricity to Sudan and 35 million USD from Djibouti by exporting 527 million kilowatts of electricity.

Compared to the previous fiscal year (2012/13), EEP’s foreign energy sales increased by 24.1 million USD or 36.2 percent.

Existing of sufficient water in the hydropower dams and less power outages and interuption have been cited as factors contributing to the success of the fiscal year plan and the increase in revenue collection during the year.

Categories: Newsዜና

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