Ethiopia earns 83 mln USD from energy exports in past 10 months

  • World
  • Saturday, 10 Jun 2023

ADDIS ABABA, June 9 (Xinhua) -- The Ethiopian government on Friday disclosed it has generated 83 million U.S. dollars from energy exports during the past ten months period.

Communication Director at Ethiopia Electric Power (EEP) Moges Mekonen said the revenue was earned through energy exports to Ethiopia's neighboring countries that are Djibouti, Kenya and Sudan, state-run Ethiopian News Agency (ENA) reported.

Mekonen said in addition to the 83 million U.S. dollars in revenue from energy exports to neighboring countries, some 14 billion Ethiopian birrs (about 258 million U.S. dollars) were generated from domestic electric energy sales during the same period.

The Ethiopian government stressed that the ongoing energy export to neighboring countries is part of the East African country's aspiration to facilitate regional economic and infrastructure integration.

The Ethiopian government had previously announced its plan to increase the country's export revenue from electric power to 400 million U.S. dollars within the coming ten years.

According to the EEP, Ethiopia is working to boost electric power export to its East African neighbors.

The energy sector is one of the country's priorities as it envisages becoming a light manufacturing hub in Africa and a middle-income economy within the coming years.

The East African country has identified hydro, wind, geothermal, solar, and biomass for energy generation projects.

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