Ethiopia entered a power purchase agreement to export electricity to Kenya for 25 years. The agreement which is signed between Ethiopia and Kenya will be implemented in three phases.
During the first phase of the agreement, Ethiopia will export 65MW of electricity during off-peak hours and 200MW of electricity during peak hours. The second phase of the agreement will see the sale of 150MW of electricity during off-peak hours and 400MW during peak hours while in the third phase of the agreement, 400MW of electricity will be exported to Kenya at all hours.
The sale of electricity is expected to be launched in November 2022. The price of 1KW is agreed to be USD 6.5 cents per hour.
Ethiopia has already signed memorandum of understandings with Somaliland, Tanzania, and South Sudan to supply electricity.
Source: Fana BC
