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First Quarter Electricity Export Generates $21.4mln

ADDIS ABABA – Ethiopia earned 21.4 million US Dollars from electricity export during the first three months of the 2023/24 fiscal year, the state-owned power producer says.

Ethiopian Electric Power (EEP) supplies electricity to neighboring Djibouti, Kenya, and Sudan.

In the first quarter, the company said it exported $21.4 million worth of electricity to the three neighboring countries.

The revenue has shown an increase from the same months last year but was slightly less than the target, the EEP said on its first quarter performance.

Hydropower plants contributed 97.5% of the 4,760 gigawatt hours (GWh) of electricity generated in the three months.

The remaining came from wind (106.3 GWh) and geothermal (14.3 GWh) power plants.

Though production was not on target which was set at 5,526 GWh, the electricity generated in the first quarter still showed an 11% year on year increase, the EEP disclosed.

The announcement comes a day after Water and Energy Minister Habtamu Itefa rebuffed a report alleging the recent drought hampered Ethiopia’s hydropower generation and export capacity.

“In the past year, even though we have seen drought, its impact was not significantly seen in our hydropower generation and nothing had happened to our export capacity,” Habtamu said.

“Our neighboring countries Kenya, Sudan and Djibouti are getting their maximum interest… what they have been asking from our side.”

“Still, we’re committed to continue supplying electricity to neighboring countries as we have huge potential.”

With expected increase of power injected from the Grand Ethiopian Reinsurance Dam (GERD) project to national grid, authorities seek to economically integrate the East African region through electricity.

“We believe our water resource potential that we are changing into power is a blessing for Ethiopians as well as our neighbors… that will help us for regional integration and cooperation,” Water and Energy Minister Habtamu said.

The $4.2 billion hydroelectric GERD dam – currently 93% complete – began generating electricity in February 2022. Once fully complete, it will have the capacity to generate more than 6,000 megawatts, doubling Ethiopia’s electricity output.