Ethiopia and Kenya have formalized a new electricity supply agreement that establishes power trading at ETB 24.07 per kilowatt hour (approximately US$ 0.1511 per kilowatt-hour). This initiative marks a further step towards strengthening energy cooperation in East Africa. The agreement also incorporates a demand charge of ETB 1,010.89.
The agreement was executed by Eng. Getu Geremew, the Chief Executive Officer of the Ethiopian Electric Utility, and Dr. Eng. Joseph Siror, the Managing Director and Chief Executive Officer of Kenya Power and Lighting Company. At the signing ceremony, Getu expressed that the agreement reflects the potential of neighboring East African nations to achieve significant outcomes through unity and collaboration. He indicated that it reinforces a shared vision for a more connected East Africa, adding that energy is a vital link to sustainable economic growth and collective prosperity.
Siror stated that the agreement would not only enhance cooperation in electricity supply, but it would also foster deeper peace and economic collaboration between Ethiopia and Kenya. He emphasized that the communities residing along the Ethiopia-Kenya border would be the primary beneficiaries of this arrangement.
The agreement is projected to aid in the establishment of a regional power pool, contributing to a more unified electricity supply system across East Africa. According to officials, increased reliability of supply should also encourage economic development and improve service delivery in both countries.
