2merkato

Ethiopia's National Macroeconomic Council, chaired by the Prime Minister, announced that Ethiopia's economy is expected to grow by 6.6 percent this year, showing a slight increase.

Ethiopian Electric Power (EEP) has signed an agreement with Kurmuk Gold Mine Private Limited Company (Kurmuk PLC) to supply electricity for the mining company's operations. The agreement was formalized in a signing ceremony attended by EEP's Chief Executive Officer, Engineer Ashebr Balcha, and the General Manager of Kurmuk PLC, Broks Worku.

The Ethiopian Electric Power Corporation Board has approved the launching of the first phase of the Aysha I wind farm project in the Somali Regional State, according to information obtained from the Ethiopian Ministry of Foreign Affairs website.

Construction of the project, split into three phases, will begin soon. The first phase will be carried out by the Chinese Company, Dongfang Wind, and is expected to produce 120MW of energy when completed.

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.