In its press briefing today, Ethiopian Electric Utility, EEU, announced that it has collected ETB14.97 billion from Energy and related sales out of the planned ETB 25.38 billion. Its planned revenue collection performance reached only 59%.
Mr. Shiferaw Telila, CEO, Ethiopian Electric Utility, EEU, said ETB11.06 billion Revenue was generated from energy sales alone. The Utility collected additional revenue from Connection Charges( ETB 3.88 billion), sales of scarped materials (ETB 19.03 million), arrears (ETB200 million) and other sources( ETB 7.43 million).
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The CEO told the audience that the utility managed to construct 3403.81 KMs MV lines, 2797.19 KMs of LV distribution lines, installed 769 distribution transformers, connected 168,751 new customers, electrified 308 rural towns and villages and rehabilitated all of the 17 planned towns this year budget year.
The utility has also commissioned Enterprise resource planning, ERP, system meant to modernize the organization's operational processes, standardizing the financial reporting and digitizing the payment collections systems.
Source: Ethiopian Electric Utility, EEU
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The World Bank approved a $500 million International Development Association (IDA)* credit to support Ethiopia’s goal of achieving universal electricity access by 2025.
Over the past decade, the Government of Ethiopia has made encouraging progress on its electrification program and expanded the grid network coverage to nearly 60 percent of towns and villages. Despite this progress, Ethiopia has the third largest energy access deficit in Sub-Saharan Africa with more than half the population still without access to reliable electricity especially in deep-rural areas which are dependent on biomass and kerosene. The electricity deficit in Ethiopia continues to exacerbate the poverty situation, preventing far too many people from fulfilling their basic socio-economic needs and limiting access to opportunity.
The Access to Distributed Electricity and Lighting in Ethiopia (ADELE) Project is an important component of Ethiopia’s National Electrification Program (NEP), which aims to strategically change direction from infrastructure development to the delivery of adequate, reliable and affordable electricity services with a vision to reach universal electrification by 2025. ADELE will focus on access to new and improved electricity services for households, smallholder farmers, commercial and industrial users, and social institutions in urban, peri-urban, rural, and deep-rural areas. The first phase of the NEP was supported by the World Bank-financed Ethiopia Electrification Program (ELEAP) approved in 2018.
Read more: New World Bank Financing Supports Ethiopia’s Goal of Universal Electricity Access by 2025
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The project is part of the National Elecrification program that Plans to reach 35% of the population by offgrid- electrification pathway by 2025
The project is financed by African Development Bank (USD20 Million) and Ethiopian Govenrment (ETB161 million)
Excerpt
Source: Ethiopian Brodcasting Corporation
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