Kenya, Ethiopia reach new power purchase deal

0
134
Ethiopia’s State Minister of Finance Eyob Tekalign and Kenya’s Cabinet Secretary for Energy Monica Juma in Nairobi on February 7, 2022. PHOTO | COURTESY

By Kwanta Douglas –

Kenya has reached a new agreement with Ethiopia in a bid to further expedite purchase of hydro-processed cheap power from Addis Ababa.

The new arrangement was reached after an Ethiopian delegation, led by Ethiopia’s State Minister of Finance Eyob Tekalign, visited Nairobi from February 2-4, 2022.

The two nations deliberated on previously signed Power Trade Agreements, finalization and operationalization guidelines and procedures, as well as interconnection agreements in light of progresses made on each side.

According to the Ethiopian Ministry of Foreign Affairs statement seen by The EastAfrican, the new deal made in Nairobi intends to “realise the aspirations of both countries’ respective people for regional economic integration and sustainable development.”

During a February 4 meeting with Kenya’s Cabinet Secretary for Energy, Dr Monica Juma, Mr Eyob said the close relationship between Kenya and Ethiopia would help spur economic growth.

He said the two countries are nearing the conclusion of the interconnector, and they need to review the status of the project.  

Leave a Reply