The Ethiopian Electric Power Corporation is to split into separate bodies. The two bodies will be concerned with electric utility and power investment according to sources.

The Israel Electric Corporation was selected by Board of Directors of the electric corporation to run the management of the electric utility. This section will include the distribution and sale of electric power said the sources.

The second entity dealing with power investment will be managed under the leadership of Mihiret Debebe current Chief Executive Officer of the corporation. This section will concentrate on the development of projects to generate electric power from hydropower, geothermal, wind or other means. The responsibilities of this section include the construction of dams, and installation of power plants as well as transmission explained sources.

The division of the state owned corporation is in line with realizing plans to enhance the export potential of the power sector to become a significant source of power for the region said the sources.

It is expected that discussions between the Israel Electric Corporation and the officials of EEPCo will commence in the coming weeks.

Israel Electric Corporation is the only integrated electric utility in Israel, building maintaining and operating power generation stations, sub-stations, as well as transmission and distribution networks. The company is almost 100% owned by the state.

Source: Capital