Ethiopia has made $81.6 million from the sale of electricity to Djibouti and Sudan in a year which runs from July 8, 2017-July 7, 2018, according to a statement on Friday by the Ministry of Water, Irrigation and Electricity.Despite a plan to earn $86.62 million from the export of 1.512 billion kilowatt hours of electricity, the country secured $81.6 million by exporting 1.466 billion kilowatt hours of electricity.
According to the Ministry, the country earned $47.5 million from electric power sales to Sudan, while export to Djibouti generated $34.1 million.
According to the World Bank, Ethiopia has the second highest available energy generation capacity in Sub-Saharan Africa, with nearly 100 percent coming from renewable energy generation (mostly hydro power), and vast and mainly untapped solar, wind, and geothermal clean energy resources.
The Ministry of Water, Irrigation and Energy (MoWIE), this year told APA that Ethiopia plans to reach 17,300 mw of energy by the end of 2020, a major leap from the current 4,280 mw of energy.
The biggest project that Ethiopia envisaged to fulfill the planned 17,300 mw is the 6,450 mw hydro project, under construction on the Blue Nile river at a cost of close to $4.7 billion, which is currently 65 percent completed.
While the other projects that are expected to be completed before the 2020 deadline include the 254 mw Genale Dawa I hydropower project and the 120 mw Aysha Wind farm project.
Ethiopia also expects to generate energy from the under-construction 50 mw Reppie waste-to-energy project and the 70 mw Aluto Langano geothermal energy project.
New Ethiopian Prime Ministern Dr Abiy Ahmed last week announced that his government will not launch new mega project this fiscal year which began on July 8, 2018.