Ethiopia, Kenya ink electricity supply deal
Under the agreement, which was signed Friday between the Ethiopian Electric Utility and Kenya Power and Lighting Company, Ethiopia will supply electric energy to Kenya's state-owned distributor at approximately 0.15 U.S. dollars per kilowatt-hour, the EEU said in a statement Frid..
✨ Key Highlights
Ethiopia and Kenya have finalized an electric power supply agreement to boost regional energy trade and connectivity.
- Ethiopia will supply electricity to Kenya at approximately $0.15 U.S. dollars per kilowatt-hour.
- The deal was signed between the Ethiopian Electric Utility (EEU) and Kenya Power and Lighting Company.
- The agreement aims to strengthen bilateral electricity trade and promote shared regional economic growth, leveraging Ethiopia's rapidly expanding power generation capacity, including its flagship Grand Ethiopian Renaissance Dam.
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Ruto: Construction of Thwake Dam Phase II to Begin in April 2027 After Sh10.6bn Funding Approval - July 2026
Construction of the second phase of Kenya's largest dam, the Thwake Dam, is set to commence by April 2027 following the approval of Sh10.6 billion in funding. President William Ruto announced that the funds will enhance water security, irrigation, and renewable energy generation in the lower eastern region. Additionally, Ethiopia and Kenya have finalized an electric power supply agreement to boost regional energy trade and connectivity. Meanwhile, the Kenyan government will receive 60 percent of any profits exceeding an agreed threshold from the Rironi-Mau Summit toll road under a 30-year concession agreement.
