Ethiopian Electric Power (EEP) has reported earning more than USD 31.5 million from electricity exports to neighboring countries in the first quarter of the current fiscal year. CEO Ashebir Balcha highlighted the company’s commitment to meeting the growing regional demand for electricity while improving power development, accessibility, and regional cooperation.
Ethiopian Electric Power (EEP) has reported revenue of over five billion Birr from electricity sales in the past three months, a figure that demonstrates strong performance in both domestic and international markets.
Ethiopian Electric Power (EEP) announced that it earned more than Birr 75.4 billion in revenue during the 2024/25 fiscal year.
Ethiopian Electric Power (EEP) has announced it earned USD 31.5 million from exporting electricity to neighboring countries during the first three months of the current fiscal year. The electricity was sold to Djibouti, Sudan, and Kenya, amounting to 497.8 gigawatt hours, with a revenue performance of 91.8% compared to the plan.
Ethiopian Electric Power (EEP) announced it has signed a framework agreement for the purchase of GIS Switchgears with the Chinese Company TBEA Co., Ltd. Inking the $16.4 million purchase agreement were Ashebir Balcha, EEP's CEO and David Hao, TBEA's representative.
