Ethiopia aims to increase electricity export revenue to 400 mln USD in ten years


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ADDIS ABABA, May 6 (Xinhua) — The Ethiopian government has announced its plan to increase the country’s export revenue from electric power to 400 million U.S. dollars within the coming ten years.

In a statement, the Ethiopian Electric Power Corporate Planning Executive Officer, Andualem Sia, said that the East African country is working to boost electric power export from the already functional and under-construction power plants to its neighboring east African countries, state-run Ethiopian News Agency reported.

Ethiopia is presently generating about 50 million U.S. dollars annually from electric power export to its neighbors including Sudan and Djibouti.

Ethiopia’s energy exports are part of a broader plan to economically integrate the East African region through electricity.

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 by 2025. Ethiopia has identified hydro, wind, geothermal, solar, and biomass for energy generation projects. Enditem

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