Ethiopia & Djibouti Concluded Electric Power Interconnection Agreement

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

 

Exchange Rates

Selling
Buying
USD 34.7423  34.0611 
GBP 40.4053  39.6130 
EUR 37.8934  37.1504 
CHF 34.1593  33.4895 
CAD 22.4440  22.0039 
AED 8.5600  8.3922