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Ethiopia and Eritrea agreed (reportedly) to use the same currency, Ethiopian Birr, in exchange for Port and Electricity. While the agreement allowed Ethiopia to use Eritrean port paying in Ethiopian Birr (ETB), Eritrea will use the cumulative revenue of Ethiopian Birr to pay for electricity that is going to be imported from Ethiopia.  

 

Can this be a way forward to curb the import imbalance for Ethiopia and a positive step in to economic Integration for the two nations?

 

 

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Below is the full News Update from IKEA Foundation

Our new partnership with Rocky Mountain Institute (RMI) will enable people living in rural Ethiopia to access renewable energy, and to earn a better income by using energy as effectively as possible.

According to the International Energy Agency (IEA), just 45% of Ethiopians have access to electricity, which means more than 50 million people lack access to energy.

The Ethiopian government has prioritised universal access to electricity. It aims to reach 100% electrification by 2025, with 35% of the population using off-grid energy solutions and the other 65% of the country connected to the grid.

Using energy productively

However, energy access is not enough by itself to improve incomes. People need access to finance, markets and energy efficient appliances, and to know how to use energy productively.

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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).

 

Related: Tracking SDG 7 Report: The Energy Progress Report 2020- Ethiopia Policy Case Review+ Opinion Piece

 

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 will share the ETB11.06 billion energy sales revenue with Ethiopian Electric Power, EEP, the latter amassing 60 % of the energy sales generated.   It was reported that EEP Generated USD 66.4 Million, an equivalent of ETB 2.4 billion, From Electricty Export the same 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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Assessment of Ethiopian Energy and Power Business Updates from Policy to Implementation, October 2019

 

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THE WINNING IDEAS AIM TO ADDRESS THE MAJOR CHALLENGES THAT HAMPER AFRICA’S FULL DEVELOPMENT

 The electrification of a health centre through renewables, a solar-powered fridge to support the cold chain of farmers, and a platform to empower women through renewable energy: these are the three projects that won the 2020 Micro-Grid Academy Young Talent of the Year Award. The three winners are Norah Magero and Elly Kevin Oriko, both from Kenya, and Eileen Phoebe Lara from Uganda, and their achievement was announced this morning by Salvatore Bernabei, President of the RES4Africa Foundation.

The Award was launched last summer by the RES4Africa Foundation, the promoter of the Micro-Grid Academy, thanks to the support of Enel Green Power: the main aim of the initiative was to reward young African talents who, thanks to particular projects and initiatives, seek to address the major environmental and social challenges that hamper the full development of African countries.

These Micro-Grid Academy students were able to make the most of the training they received, they demonstrated to be able to return and amplify the knowledge they acquired by creating a real project to bring a concrete impact in their communities” states Salvatore Bernabei, “They demonstrated their ability to think out of the box, to be the change that is needed, and I’m glad today to announce the winners of the first edition. Congratulations Eileen, Elly and Norah: you have demonstrated that empowering the youth means empowering the development of entire communities.

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