Ethiopian Electric Power Generates Over Birr 75 Billion in Revenue for 2024/25 Fiscal Year
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 Generates USD 31.5 Million from Electricity Exports in First Quarter
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 Inks Deal with Chinese Company TBEA for Purchase of GIS Switchgear
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.
Ethiopian Electric Power Nets USD 25 Million from Data Mining Firms
Ethiopian Electric Power garnered USD 25 million from its electricity sales to data mining comapnies in the 2023/24 fiscal year.
Ethiopian Electric Power Relieved of 191.8 Bn Birr in Debt, Capital Upgraded
Ethiopian Electric Power’s debt of 191.8 billion birr, which accounts for more than 50 percent of the amount it owes the state-owned Commercial Bank of Ethiopia, has been canceled and the amount added to the capital of the organization. The debt cancellation came following the government’s decision to cancel the debts of development organizations.
