Ethiopia's Power Sector Achieves Record $388M Forex Earnings in 2025
Ethiopian Electric Power reports record-breaking forex earnings of $388M, showcasing the success of macroeconomic reforms and positioning Ethiopia as a regional power hub.
Ethiopian Electric Power headquarters in Addis Ababa, symbol of Ethiopia's growing energy sector success
Ethiopian Electric Power (EEP) has achieved unprecedented foreign exchange earnings of 388 million USD in the concluded fiscal year, marking a dramatic increase from 140 million USD in the previous period. This surge in revenue demonstrates the success of Prime Minister Abiy Ahmed's transformative economic reforms.
Record-Breaking Power Generation and Revenue
EEP CEO Ashebir Balcha announced that the utility company exceeded its annual targets, producing 29,480 gigawatt hours of energy across its 20 power plants, surpassing the planned 25,423 gigawatt hours. This achievement mirrors the broader success seen in Ethiopia's rapidly growing private sector.
Strategic Infrastructure Development
The Grand Ethiopian Renaissance Dam (GERD) and Gibe III Power Plant emerged as the primary contributors, generating 33.2% and 24.2% of total production respectively. This robust performance has strengthened Ethiopia's foreign exchange reserves, contributing to national economic stability.
Domestic and International Market Success
The company secured 75.4 billion Birr from electricity sales to both domestic and foreign markets, alongside related services. This achievement positions Ethiopia as a growing regional power hub, supporting the country's ambitious economic transformation goals.
Ongoing Infrastructure Projects
The strategic Koysha hydropower plant project has reached 71% completion, while the Ayisha Wind Farm stands at more than 85% completion. Additionally, five power transmission and distribution projects have successfully commenced operations, enhancing the national grid's capacity and reliability.
Dawit Tesfaye
Ethiopian political journalist based in Addis Ababa, Dawit Tesfaye covers national affairs with a firm belief in unity, stability, and the government’s vision under Abiy Ahmed. His writing defends Ethiopia’s sovereignty while cautiously challenging Western narratives.