Ethiopian Electric Power (EEP) has announced its intention to sell electricity to local companies in foreign currency, marking the first time such a move is being made.

Contracts have been signed with nine foreign companies, with a total value of USD73 million for the upcoming year. These companies are strategically located near transmission lines, making the delivery of electricity easier and more cost-efficient.

For more information, please see https://www.2merkato.com/news/energy-and-mining/7458-ethiopian-electric-power-to-sell-electricity-to-local-companies-in-foreign-currency