Macroeconomic Reform Boosts FX Earnings of Ethiopian Electric Power

Addis Ababa, August 7, 2025 (ENA)—Ethiopia's revenue from electricity sales has surged following the implementation of the macroeconomic reform, according to the Ethiopian Electric Power (EEP). 

Briefing the media on the performance of EEP in the concluded Ethiopian Fiscal Year and the plan for the new Fiscal Year, Ethiopian Electric Power CEO Ashebir Balcha said the EEP exceeded the plan for the year.

Ethiopian Electric Power produced 29,480 gigawatt hours of energy using its 20 power plants by surpassing the planned 25,423-gigawatt hours of energy for the stated period.

The Grand Ethiopian Renaissance Dam and Gibe III Power Plant had a significant share, generating 33.2 percent and 24.2 percent of the total production respectively.

During the concluded year, the country secured 75.4 billion Birr from sales of electricity to the domestic and foreign markets as well as other related services, the CEO said. ‎ ‎

According to him, the macroeconomic reform has enabled EEP to increase foreign exchange earnings.

EEP's FX revenue increased to 388 million USD from the 140 million USD during the previous fiscal year.

Regarding the progress of the Koysha hydro power plant project and the Ayisha Wind Farm, Ashebir said the projects have reached 71 percent and more than 85 percent completion respectively.

Furthermore, five of the power transmission and distribution projects that were under construction have started providing services.

The CEO revealed that the Ethiopian Electric Power plans to generate 38,124 gigawatt hours of power in this Ethiopian fiscal year and earn 109 billion Birr revenue from energy sales.