Ethiopia and Djibouti concluded a two billion dollar electric power interconnection agreement. The agreement was signed on 3 July 2013 at the Addis Ababa Hilton during the 12th Joint Ministerial Meeting. The agreement is the second of its kind signed between the two countries.

Tedrose Adhanom, Ethiopian Foreign Minister and his Djiboutian counter part signed the agreement.

The 230KV transmission line project stretching from Ethiopia's Afar region to Jaba in Djibouti will enable Ethiopia to export up to 75MW of electricity to Djibouti.

The project is expected to be financed jointly by the two countries.

Source: Fortune