As per the Ethiopian Herald, the Ethiopian Electric Utility (EEU) announced that it has generated over ETB26 billion in revenue during the 2021/2022 Ethiopian budget year, with close to ETB21billion of it secured from electric energy sale.
Through the collection of payment from electric energy sale, the company hit 88% of its target set at ETB23billion for the period, according to EEU Chief Executive Officer Shiferaw Telila. Income from extension of electric line for new customers across the nation and from the sale of old properties also earned EEU ETB6 billion and ETB113 million, respectively. The news site further reported that of the 1.2 million new customers targeted, only 300,000 have actually been reached. The goal of EEU for FY2022-23 is to now collect ETB43 billion from sale of electric energy and other miscellaneous sources whilst providing 1.2 million new customers and 160 rural towns with electricity.
Indicative of progress in quality include the replacement of 1,600 old electric meters with smart ones and the implementation of the SCADA (supervisory control and data acquisition) system—which is used to fix defect seen in electricity supply). According to the Herald, Shiferaw also noted the theft of over ETB1.2 billion of electric infrastructure by the TPLF during the group’s occupation of Amhara and Afar regions.
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