Sudan’s daily electricity intake from Ethiopia has dropped significantly to 50 megawatts from 200 megawatts, according to the Ethiopian Electricity Service (EES), citing the impact of ongoing conflict in Sudan. Previously, Sudan imported up to 200 megawatts of electricity daily from Ethiopia before the conflict began. However, this has now decreased to 50 megawatts or less. Despite Sudan’s current inability to pay for this electricity, Ethiopia has chosen to maintain the supply, says EES. Although Ethiopia has the right to terminate service due to non-payment under the existing contract, it has not exercised this option. Ethiopia supplies electricity to neighboring countries such as Sudan, Djibouti, and Kenya, providing up to two terawatt-hours of energy annually. Over the past 18 months, Ethiopia has earned more than 1 billion U.S. dollars from electricity exports to these countries, according to the Ministry of Water and Energy. Ethiopia continues to advance several hydroelectric power projects, including the Grand Ethiopian Renaissance Dam (GERD), which is expected to generate over 6,000 megawatts of electricity once fully operational.
NBE Raises Reserve Ratios to 10 Percent,Transitions to Market-Driven Interest Rate
The National Bank of Ethiopia has ordered commercial banks to hold a larger share of their deposits as reserves, responding to what it described as...
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